A Bloomberg investigation has found that a Shenzhen city government investment fund has been bankrolling the project. The US has banned sale of advanced chips to China and this project will help plug the gap
The US overestimated its capabilities when trying to undermine Russia and China s economies, the Columbia University economist told Sputnik s New Rules podcast.
As for the potential risks posed by China's gallium export restrictions, Lifton downplayed concerns of weaponization of this critical mineral. Instead, he viewed it as a retaliatory move by China against U.S. restrictions on their access to the American computer chip market and the prohibition on exporting specialized chip-making machinery to China.
The Chinese government announced on July 3 that the exports of gallium and germanium along with their chemical compounds would be curbed starting August 1