Sunday, March 3, 2024

China bypassed the United States blockade, but it backfired

The technological war between the United States and China has not stopped growing in recent years. The two regions, whether in fields such as artificial intelligence, cloud computing or chip development, face each other on many occasions because of their common goal: master in every technology field. Because of this, Americans are looking for a way to stop Asians with various sanctions and restrictions, but they always find a way SETTLEMENT those actions in one way or another.

The Us Blockade Of China Did Not Affect The Largest Supplier Of Chip Machinery And Increased Its Revenue By 30%

According to the Techspot portal, one of his last options is illegal smuggling of advanced chips to America. As the same media pointed out in a recent publication, a South Korean company introduced in China 96,000 chips Made in the United States. In this, 53,000 They are classified as strategic items and have a total cost of 8.8 million dollarsraise the operation in general that 11.6 million dollars with other chips. We are talking, therefore, about an operation that is much smaller 10.6 million euros if we apply the relevant currency exchange.

Almost 150 trips to introduce all the chips in China

According to the information, this operation has started since August 2020. For three years, the South Korean company appealed more chips than needed to various companies in North America, and although they kept part of the said stock in South Korea, a high percentage of it was illegally introduced to China. In addition, they also hide the money with forged documents to the banks, an option they do both to launder money and to certify their operations.

In general, the South Korean company in charge of the illegal introduction of chips produced 144 flights from South Korea to China. However, a few weeks later they were arrested by agents from the Seoul Customs Service, and a police investigation led to the dismantling of the million-dollar operation. However, illegal smuggling does not stop the growth of China, because members of the Asian country use this method to illegally introduce advanced technology to the region.

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Main image by B Mat an gelo (Unsplash)

World Nation News Desk
World Nation News Desk
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