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Big blow to many big companies of China, America imposed a ban on chip export

Some cutting-edge chip exports to China have been prohibited by the US. Many Chinese giants involved in the public cloud and artificial intelligence industries could take a significant impact from this.

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Nvidia Corporation, a chip-designing business, announced on Wednesday that US authorities have been asked to halt the export of two of the world’s best computing chips to China. These chips are utilized in equipment used in artificial intelligence applications. In addition, Advanced Micro Devices Company indicated that it is authorized under the rules to submit a second licensing application.

Artificial intelligence will suffer a setback

As a result, it won’t be allowed to export the MI250 artificial intelligence chip to China. China has also voiced its severe disagreement with the US administration’s choice. According to Xu Xueting, a spokeswoman for the Chinese Commerce Ministry, the US judgment violated the rights of Chinese businesses. The global supply chain will be impacted by this. It is obvious that this American action would escalate the dispute in the semiconductor technology industry. We aim to stop some US corporations from providing chips to Chinese enterprises, according to Jay Goldberg, a US-based finance and strategy consultancy firm. The US made the same choice regarding Huawei.

US-China tensions peaked last month

Significantly, there have been tensions between the US and China during the past few years in the areas of technology, industry, and politics. When US House Speaker Nancy Pelosi visited Taiwan last month, there was a great deal of hostility between the two nations. Even China had most of its forces stationed close to Taiwan’s sea border.

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China tests land-based missile interception, Ministry of Defense gave information

As part of its interception tests, China has successfully intercepted a land-based missile. Defense Ministry has provided the following information. According to Reuters, the minister said it was only defensive, not aimed at any country. As part of President Xi Jinping’s ambitious modernization plan, China is ramping up research on all types of missiles in space, from missiles that destroy satellites to nuclear-tipped ballistic missiles.

Missile interceptor test

In the telling, Beijing has already conducted tests on missile interceptors. Test results were published last in February 2021, followed by an announcement in 2018. It has been reported by state media that Chinese anti-missile systems have been tested since 2010. Late Sunday, the ministry announced it had conducted a ground-based missile interceptor test.

Expected goals reached

It was a defensive test and was not intended to target any country, the ministry said. It has not been provided with any further information regarding the test. China, as well as its ally Russia, have repeatedly opposed the US deployment of Terminal High Altitude Area Defense (THAAD) systems in South Korea.

A powerful radar on the device could penetrate China’s territory, according to the Chinese government. A simulated anti-missile exercise has also been conducted by China and Russia. Chinese missile programs have been disclosed in addition to statements made by the Defense Ministry and state media. The Defense Ministry confirmed in 2016 that anti-missile tests were being conducted after images appeared on state television. National security and defense require such technology, according to Beijing.

Covid-19 in China: Corona havoc again in China, strict lockdown again in Shanghai city

India has experienced a decrease in Corona infections, and people have been negligent in following the Corona Guidelines, but believing this could be a big mistake. Chinese officials have announced another lockdown in Shanghai due to the rapid spread of the Corona infection in the country.

The streets of Shanghai, China’s largest city, are deserted due to the re-lockdown, and Shanghai’s local government has said the lockdown will remain in effect in Pudong and surrounding areas of Shanghai from Monday to Friday. Both of these areas are undergoing large-scale tests of COVID-19.

Lockdown in the downtown area

Starting Friday, the local government of Shanghai will take strict measures in the downtown area west of the Huangpu River. We have asked people to stay inside and not go outside unnecessarily. Ordering food and drinks online has been encouraged. According to a government order, all offices except the essential ones will be closed.

Closed Shanghai corporate offices

In order to prevent the spread of Corona, public transportation will be shut down. Shanghai, a city with a population of 26 million, has seen the closure of offices of many well-known companies. City Covid-19 tests are being conducted at a number of locations. In Shanghai, the Disney theme park is already closed by the lockdown due to Corona, which is also affecting the economy. Traders are suffering from a lot of losses here.

China continues to follow a dynamic zero covid policy

Corona cases have increased in Jilin, a province in northeastern China. In China, great effort is being made to prevent Covid as part of the ‘Dynamic Zero-Covid’ policy. Chinese officials say that a lockdown must take place immediately in order to effectively prevent Covid. Our full attention is focused on preventing Corona as soon as possible. To achieve this, lockdowns must be taken.

In China, 87 percent of people have received the vaccine

The Chinese President Xi Jinping has praised the efforts made to prevent Corona, saying whatever measures are taken to stop it is better than nothing. China has vaccinated 87 percent of its population so far.