China's economic ambitions squeeze the developing world

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Western governments continue to put the squeeze on China’s ability to develop cutting-edge semiconductors.
The Biden administration just announced its intention to impose new restrictions on exports of the most advanced chips for artificial intelligence, expanding trade controls that were passed last October.

Industry observers and analysts, however, are fretting about China’s domination of the market for legacy chips, older semiconductors that are the workhorses of the modern economy.

culled from Japan Times