U.S. Faces Trade Group Backlash on Export Controls

U.S. semiconductor trade groups have expressed strong opposition to the Biden administration's new chip export restrictions, fearing loss of market share to global competitors due to stricter controls on sales to China. These restrictions could impact global AI ambitions, as seen in India, where the cap on GPU exports may hinder AI innovation. Malaysian companies, complying with U.S. standards, also seek clarity on the new rules, worried about their economic impact amid U.S.-China trade tensions. Meanwhile, U.S. lawmakers are advocating for restrictions on biotech collaborations with entities linked to the Chinese military due to security concerns. They emphasize the critical nature of biotechnology in national security, urging the government to impose licensing restrictions on U.S. pharmaceutical companies working with Chinese military-run medical entities.