US-China tech battle "ignites" / Washington blocks chip shipments to Beijing
The US government has revoked the authorization that allowed Taiwan Semiconductor Manufacturing Company (TSMC) to freely ship essential equipment from the US to China. The decision takes effect on December 31 and follows the Trump administration's moves to restrict shipments from Samsung and SK Hynix to China.
This is expected to significantly impact production at TSMC's main factory in Nanjing, China, which makes earlier-generation chips, as any future shipments will require export licenses. However, TSMC's most advanced chip production takes place in Taiwan and the US, not in China.
"While we are assessing the situation and taking appropriate measures, including communicating with the US government, we remain fully committed to ensuring the uninterrupted operation of our Nanjing factory," TSMC said in a statement.
The decision comes at a time when the competition between the US and China has intensified, with both countries aiming for dominance in the development of advanced technologies.
It also comes as the two superpowers continue trade talks. On August 12, both sides agreed to temporarily lower tariffs for 90 days before negotiating a final settlement.
The Biden administration imposed restrictions on China's chip industry in 2022, but allowed exemptions for large companies like TSMC, provided they shared certain information with the U.S. government. It is not yet known how quickly the U.S. government will issue the necessary licenses, which could slow shipments and hamper production.
Critics of this decision warn that the move could discourage innovation in China, as companies will be forced to find local suppliers.
Germany, 5.4 trillion euros for energy transformation/ More efficient approach needed to facilitate businesses and consumers
The Federal Chamber of Industry and Commerce in Germany has warned that the current strategy for energy transformation could cost the country's economy 5.4......
Commissioner's Office meets with Bank executives/Dervishi: New law on personal data protection, challenge and opportunity for the banking sector
The Commissioner for the Right to Information and Personal Data Protection, Mr. Besnik Dervishi, held a meeting with the leaders of banking institutions and......
"More applications in engineering and informatics"/ Xhelaj: Future doctors, police officers, and architects close registrations
Over 50% of high school graduates have closed their registrations at university branches. In an interview for Scan TV, the head of the Albanian Academic......
How much money is circulating in Albania? BoA: The amount has increased by 15% since 2022
The money circulating in Albania reached a record figure of 903 billion lek in July, while in a span of 3 years it has increased by 15%. Currency in......
Fires, how will livestock farmers be compensated? Kullolli: 40 groups in the field. The damage has been recorded
The National Veterinary and Plant Protection Authority, through 40 groups of veterinarians distributed throughout the country, has documented the......
Water reform, how were regional companies created? The goal, increasing the quality of service and the financial sustainability of the companies
The latest reform in the water supply and sewage sector began in May 2022. According to forecasts, from a system distributed across 58 companies in 61......
National water operator established/ Rama: Structure, to guarantee efficiency of the sector. Balluku: How will it function
The Water Operator, a new national structure focused on managing all water resources in the country, will be operational from January 2026, to guarantee......
How did tourism return to a growth trajectory? The Euro helped Albanians vacation abroad
Global tourism has returned strongly to an upward trajectory, fully recovering from the effects of the pandemic. The increase in international demand has......
