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They nuked ZTE and Huawei back in 2018 so that they couldn't compete with Western high-tech firms. Then banned ASML tech and such like so that Chinese chip-mak
by igravious 2y ago
They nuked ZTE and Huawei back in 2018 so that they couldn't compete with Western high-tech firms.
Then banned ASML tech and such like so that Chinese chip-makers couldn't step in to help. That's not exaggeration, that's official US foreign policy.
Urging companies to de-risk. The CHIPS act to onshore semiconductor tech is another prong in an attack on who? Not on Europe, not on Taiwan … on China of course.
I agree with the video that stock market is waking up to the back-firing. Same back-firing as Western sanctions on Russia over Ukraine.
Gross under-estimation and rank Western hubris in both cases.
- igravious 2y agoWell possibly on Europe too to be fair. European Chips Act is so lame in comparison, I despair: https://ec.europa.eu/commission/presscorner/detail/en/qanda_23_4519 https://ec.europa.eu/commission/presscorner/detail/en/qanda_...
- addicted 2y agoThe CHIPS act isn’t an attack on anybody. It’s a recognition that it’s ridiculous for the. US to depend on a foreign country for a fundamental product on which every individual, every household, every business, every government and the entire military is dependent on. And as a side benefit it’s also good old fashioned industrial policy.