Singapore PM Warns US Chip Curbs Can Have ‘Wide Ramifications’
- Lee says economic decoupling can lead to a ‘less stable world’
- Biden administration has moved to cut chip exports to China
Lee Hsien Loong
Photographer: Eric Lee/BloombergThis article is for subscribers only.
Singapore’s Prime Minister Lee Hsien Loong warned the US decision to curb supply of microchips to Chinese companies could have widespread consequences and greater decoupling between the top two economies may create a “less stable world.”
“The Biden administration’s latest move is a very serious one, I’m sure they have considered it carefully,” Lee said at a press conference in Canberra where he is meeting with his Australian counterpart. “It can have very wide ramifications.”