Opinion Biden Just Clobbered China s Chip Industry Computer Chip - China HEAD TOPICS

Opinion Biden Just Clobbered China s Chip Industry

10/21/2022 3:05:00 PM

The latest American trade restrictions could significantly set back China s semiconductor ambitions

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New York Times Opinion

Dominance of the chip industry in the wrong hands “could be disastrous,” fmanjoo writes. That’s why he’s impressed by the Biden administration’s actions to curtail China ’s decades-long effort to build an independent semiconductor industry. The latest American trade restrictions could significantly set back China ’s semiconductor ambitions. How can China respond? One way is by evading the rules. The country has long beenmasterful at getting around sanctions, and microchips are small and potentially easy to smuggle. It’s also not clear how well the Bureau of Industry and Security, the Commerce Department agency in charge of export controls, will be able to enforce the rules. “The B.I.S.’s to-do list has increased massively, and their budget hasn’t really increased at all,” Allen told me. Allen also warned that we don’t know how grave a provocation China might consider these rules. He pointed out that in the run-up to the attack on Pearl Harbor, it was America’s refusal to sell oil to Imperial Japan that led the latter to conclude that it was “functionally at war” with the United States. The semiconductor rules are narrower than our oil restrictions on Japan were. “But will China see it that way?” Allen asked. “I kind of doubt it.” Read more:
New York Times Opinion » UH expert says Biden's release of 15M barrels of oil reserve won't make a difference at the pump Biden Says He Will Keep Tapping Oil Reserves Team Biden's 'weak,' woke military isn’t ready to face China, Russia. America needs to act fast on defense. China holds emergency talks with chip firms after U.S. curbs -Bloomberg News

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Shares plummeted 25% in premarket trading after Snapchat’s parent company said it was operating on an assumption there would be no revenue growth in the current quarter. Read more >> UH expert says Biden's release of 15M barrels of oil reserve won't make a difference at the pumpAn expert said the industry knew these barrels were coming, as they're part of the 180 million barrels that Pres. Biden announced would be released over the course of the year. 🤡Political stunt. If he really cared, wouldn’t have put Regulations back on industry, stopped Federal land drilling and stopped Keystone XL Pipeline. He reduced SR to lowest level in 40 years to half full, he will have to pull oil off the market to refill. Temporary. Vote Rep. I say it will. There. Bothsides. No way to mitigate a worldwide cartel's manipulation of prices other than nationalizing all oil extraction and halting exportation to international markets. Biden Says He Will Keep Tapping Oil ReservesThe president said he will continue tapping emergency oil reserves to blunt new shocks to global oil markets, as oil industry groups contended that Mr. Biden’s policies will only worsen shortages. 3 weeks until midterms... Team Biden's 'weak,' woke military isn’t ready to face China, Russia. America needs to act fast on defense.Team Biden’s ‘weak,’ woke military isn’t ready to combat the rising challenges of China , Russia. America needs to act fast to boost defense spending. mikepompeo Imagine still thinking this putz’s opinion means a damn thing. mikepompeo mikepompeo Trump should have won then. But he didn't because he joined team Fauci and locked our country down. He could have fired Fauci and Birx at any time but didn't. The American people removed him for his weakness. China holds emergency talks with chip firms after U.S. curbs -Bloomberg News China 's Ministry of Industry and Information Technology convened a series of emergency meetings over the past week with leading semiconductor companies, seeking to assess the damage from the U.S. chip restrictions, Bloomberg News reported on Thursday. Huge Chinese black market and theft market developing in china on semi conductors Xi only has to go to Biden and pledge help in stopping Putin, want to be part of the future of the Planet and stop this rubbish around Taiwan. Our futures mean collaboration, people don’t hate people, they don’t like dictatorships. China are a great country, we live in hope 🤗 European Auto Makers Face 2023 Profit Hit While Industry Seeks China Import ActionEuropean auto profits will dive in 2023 as the recession kicks in and inflation bites. Mondial de l‘Automobile showed competition from China gathering pace and manufacturers want a level playing field. One investment bank expects overall profits to halve in 2023. why? .More Videos