A Chinese communist invasion of Taiwan would wreck the United States’ economy and military development due to the nation’s reliance on the island for its advanced semiconductors, according to a new report. The report (pdf), published jointly by the U.S.-Taiwan Business Council and the Project 2049 Institute think tank, says that any disruption in access…
Taiwan Invasion Would Wreck US Economy, Military Development: Report
June 22, 2023
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Lawmakers Tout Effect of CHIPs Act in US Competition with China
May 5, 2023
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ArizonaBob MurphyBusiness & MarketsChinaChina NewsChinese RegimeCHIPS Actcongresseconomic policieseconomyInvestmentMark kellyNational SecurityPoliticsRegional & State NewssemiconductorsSpecial TopicsState NewsTech CompetitionThreat from Communist ChinaTodd YoungUSUS NewsUS-China relations
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Last August, President Joe Biden signed the Chips and Science (or CHIPS) Act into law, promising over $50 billion to domestic semiconductor manufacturers to boost domestic production and “counter China.” Pivotal in drafting and negotiating on behalf of the law was Sen. Mark Kelly (D-Ariz.), who beat out Republican candidate Blake Masters in the 2022…
India, US to Sign Memorandum of Understanding on Semiconductors
NEW DELHI—The United States and India will sign a memorandum of understanding on semiconductors as both countries discuss coordination of investment and continue dialogue around policies to spur private investment, U.S. Commerce Secretary Gina Raimondo said on Thursday. Raimondo, who is on a four-day trip to India, is accompanied by the chief executive officers of…
South Korea’s Trade Deficit Has Lasted for Nearly a Year Due to China Trade Dependence
South Korea’s exports have been dragged down by China’s economic slowdown and import slump. The East Asian country has experienced a continuing trade deficit for nearly a year due to being heavily dependent on China for both imports and exports. In the first two months of this year, South Korea’s trade deficit has nearly reached…
South Korea’s Trade Deficit Has Lasted for a Year Due to China Trade Dependence
South Korea’s exports have been dragged down by China’s economic slowdown and import slump. The East Asian country has experienced a continuing trade deficit for nearly a year due to being heavily dependent on China for both imports and exports. In the first two months of this year, South Korea’s trade deficit has nearly reached…
Thousands of Chinese Chip Companies Go Bankrupt in 2022 Following US Sanctions
February 20, 2023
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Asia & PacificChinaChina Business & EconomyChinese RegimechipsCHIPS and Science Act 2022sanctionssemiconductorsThreat from Communist ChinaUSUS-China relationsWorld
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As many as 5,746 Chinese chip companies were deregistered in 2022, much higher than the previous year. Experts believe U.S. sanctions and China’s economic downturn have caused mass bankruptcies and that it would be difficult for China’s chip industry to recover. Chinese media Titanium Media App reported on Feb. 16 that according to Chinese data…
Domestic Production Not the Way to Secure UK Semiconductor Supply Chain: Experts
While the UK government is urged to help future-proof the country’s semiconductor supply chain, there is little point to invest in the domestic production of silicon chips, experts said. Matthew Lesh, head of public policy at the Institute of Economic Affairs, a free-market think tank, said the UK lacks a competitive advantage in semiconductor production,…
US Chip Ban on China Requires Strict Enforcement to Thwart Circumvention by Beijing: Experts
December 29, 2022
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While many have credited the Biden administration’s extensive export bans on semiconductor technology to China as dealing a huge blow to the Chinese regime’s economic and military ambitions, the success of the measures ultimately depends on enforcement, according to experts. The Department of Commerce in October imposed extensive export controls aimed at restricting the Chinese…
Biden Administration Blacklists 21 China-Based AI Chip Makers
December 15, 2022
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AIbiden administrationCCPChinaChina Business & EconomyFinance & Business TiesInternational RelationsNational SecuritysemiconductorsSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS-China relations
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The Biden administration is adding 22 Chinese chipmakers to a trade blacklist, widening its crackdown on China-based semiconductor manufacturers. The Commerce Department added YMTC and 21 “major” Chinese entities working in the domain of artificial intelligence chips to a trade blacklist, broadening its crackdown on China’s chip industry. YMTC was added to the list over…
Biden Administration Blacklists 21 China-Based AI Chipmakers
December 15, 2022
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AIbiden administrationCCPChinaChina Business & EconomyFinance & Business TiesInternational RelationsNational SecuritysemiconductorsSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS-China relations
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The Biden administration is adding 22 Chinese chipmakers to a trade blacklist, widening its crackdown on China-based semiconductor manufacturers. The Commerce Department added Yangtze Memory Technologies Corp (YMTC) and 21 “major” Chinese entities working in the domain of artificial intelligence chips to the blacklist. YMTC was added to the list over concerns it could divert…
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