Emphasizing national security, citing reasons such as cyber spying and aggressive state control, the USA has been implementing heavy embargoes on Chinese companies for about 4 years. The requirement for all companies using a certain amount of US equipment to pass regulatory approval while supplying products to China is not strictly enforced.light embargo on china
According to the statements made, cooperation with a total of 630 Chinese manufacturers, including Huawei and ZTE, has been approved. In 2022, 69.9 percent of all approval applications made to institutions were accepted. In other words, it was rejected by 30.1 percent.
The Ministry states that they are working very meticulously on approval. While the approval process normally takes 40 days, it can take an average of 77 days for Chinese manufacturers. China, the world’s largest chip consumer, is mostly embargoed on issues such as artificial intelligence, production equipment and technical experience.
However, there is a rare chip trade relationship between the USA and China. Last year, the total of exports and imports broke a record with 690 billion dollars. The US trade balance with China rose to $382.9 billion. After Europe and Asia, the USA is China’s third largest customer. It is the country’s largest customer.
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