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The U.S. has taken a myriad of steps to restrict supplies of advanced computer chips to China, not just from the U.S. but from allied nations as well. U.S. Commerce Secretary Gina Raimondo said Washington needed to deny China this technology that is needed to advance the military. But analysts have pointed out the U.S. is pursuing a technology monopoly. And these policies will raise global chip prices and hurt future technological research. What’s the real purpose on the part of Washington? What will be the possible ripple effects? Are U.S. allies cooperating to help achieve the intended goals?
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The U.S. has taken a myriad of steps to restrict supplies of advanced computer chips to China, not just from the U.S. but from allied nations as well. U.S. Commerce Secretary Gina Raimondo said Washington needed to deny China this technology that is needed to advance the military. But analysts have pointed out the U.S. is pursuing a technology monopoly. And these policies will raise global chip prices and hurt future technological research. What’s the real purpose on the part of Washington? What will be the possible ripple effects? Are U.S. allies cooperating to help achieve the intended goals?
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