Taiwan Semiconductor Manufacturing (TSMC) founder Morris Chang declared that the globalization of the chip industry is over, and Taiwan is indispensable in the global chip industry for its unique work ethic. Speaking of the future of the chip sector, many countries strive to reshore manufacturers back to their territory to ensure supply chain resilience for…
TSMC Founder: Chip Globalization Is Dead
March 17, 2023
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New Zealand Bans TikTok From Parliamentary Devices, Citing ‘Unacceptable’ Risks
March 17, 2023
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New Zealand has moved to ban the Chinese-owned social media app TikTok from all parliamentary devices, citing the “unacceptable” level of risks posed by the popular video app. Parliamentary Service Chief Executive Rafael Gonzalez-Montero said on Friday that TikTok—owned by Beijing-based firm ByteDance—would be removed from “all devices with access to the parliamentary network.” However,…
Breaking Dependency on China, Russia Requires Political Sacrifice: Mining CEO
March 15, 2023
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America is currently in no position to shake dependency on China and Russia for key minerals needed to manufacture much of the technology powering modern civilization, the chief executive of a global mining company said. The push to rapidly reduce carbon emissions further complicates the situation as it requires even more of those minerals, he…
Opposition Mounts Against Ford’s EV Battery Plant Using Chinese Tech
March 14, 2023
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Politicians and local residents have voiced opposition to Ford’s new electric vehicle (EV) battery plant in Michigan over its links to China. Last month, Ford announced it was building a battery park in Marshall, a small township 100 miles west of Detroit, under a licensing agreement with Chinese firm Contemporary Amperex Technology Co. Ltd. (CATL),…
Rubio Introduces Bill to Block EV Tax Credits to Ford’s Plant Using Chinese Technology
March 11, 2023
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U.S. Sen. Marco Rubio (R-Fla.), the top Republican on the Senate Intelligence Committee, introduced a bill on Thursday to block subsidies to Chinese battery companies. If enacted, Ford’s new electric vehicle battery plant that licenses a Chinese battery maker’s technology will not qualify for the EV tax credits appropriated in the Inflation Reduction Act (IRA)….
Biden May Give European Automakers US Tax Credit for Battery, Critical Mineral Production
March 11, 2023
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The United States and the European Union will negotiate a revised trade agreement that could allow European manufacturers to receive U.S. tax credits for producing critical minerals such as lithium and nickel for electric car batteries. Following a March 10 meeting at the White House between President Joe Biden and European Commission President Ursula von…
Michigan State Legislators Reject Tax Benefits to Ford’s New Battery Plant
March 11, 2023
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MARSHALL, Mich.—Michigan House Freedom Caucus held a press conference on Saturday to object to using taxpayer dollars to fund the new Ford electric vehicle battery plant. Two days ago, the state appropriated $630 million for the project that sees Ford partnered with a Chinese EV battery maker with ties to the Chinese Communist Party (CCP)….
Michigan Locals Say ‘No’ to Ford’s EV Battery Plant with Chinese Partner
March 9, 2023
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Michigan locals are mounting resistance against Ford’s new battery plant partnered with a Chinese company. The factory will be owned by Ford through a wholly-owned subsidiary without foreign investment; Chinese EV battery maker Contemporary Amperex Technology Co. Ltd. (CATL) will provide the battery technology, some equipment, and Chinese workers. The plant is expected to start…
CCP Sets Up New National Data Bureau to Consolidate Control Amid US-China Tech War
March 9, 2023
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China’s communist regime will establish a national data bureau to police and manage data resources, according to a plan submitted by the regime’s State Council to the rubber-stamp National People’s Congress during the ongoing Chinese Communist Party’s (CCP’s) top Two Sessions meeting on March 7. Observers believe that the CCP’s surveillance of China’s people is…
White House Reverses Course, Gives Congress Green Light to Pass Bill Banning TikTok
March 8, 2023
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WASHINGTON—The White House has reversed direction this week, saying it would support a Senate bill that would outlaw TikTok in the United States. The Biden administration had been at a standstill for two years over how to deal with the threat to national security posed by the Chinese-owned mobile app. U.S. National Security Advisor Jake…
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