U.S. chip bans not meant to hobble China's growth, Blinken says

U.S. chip bans not meant to hobble China's growth, Blinken says

Antony Blinken Says US Chip Ban Doesn't Mean 'Cutting Off Trade' Or 'Holding Back China' - Intel (NASDAQ:INTC), Advanced Micro Devices (NASDAQ:AMD)

U.S. Secretary of State Antony Blinken clarified that U.S. export controls aim solely to limit access to sensitive technology that could threaten national security, not to hinder China's economic or technological progress.

US chip bans not meant to hobble China's growth: Blinken

U.S. export controls on sending advanced computing chips to China are not meant to hold back China's economy or technological development, Secretary of State Antony Blinken said during an interview with National Public Radio on Friday.