Hong Kong CNN —China’s exports of two rare minerals essential for manufacturing semiconductors fell to zero in August, a month after Beijing imposed curbs on sales overseas, citing national security.
In July, the country exported 5.15 metric tons of forged gallium products and 8.1 metric tons of forged germanium products.
The curbs are indicative of China’s apparent willingness to retaliate against US export controls, despite concerns about economic growth, as a tech war simmers.
Prices for gallium have fallen in China, as export controls caused inventories to pile up.
The model is powered by an advanced chip, which was created despite US sanctions intended to cut the Chinese tech giant off from such technology.
Persons:
Biden
Organizations:
Hong Kong CNN —, Eurasia Group, China's Zhejiang University, China's Zhejiang University Hangzhou International Science, Innovation, Publishing, Shanghai Metal, Micron, Huawei, Semiconductor Manufacturing International Corp, Jefferies, China
Locations:
China, Hong Kong, Beijing, China's Zhejiang University Hangzhou, Shanghai, United States, Japan, Netherlands, Washington