There is something going on here that I am not understanding. Not that that's new. But this almost feels like a staged play. And I'm not sue why.
From Benzinga, October 14:
Zinger Key Points
- Sanctions imposed by Biden prevents businesses from sending cutting-edge processors required to run efficient AI algorithms to China.
- The sanctions require any U.S. citizen working in the Chinese semi industry to quit their jobs, or be at risk of losing U.S. citizenship.
The Biden administration unveiled a comprehensive strategy last week to move the U.S. forward and hold China back in the production of advanced semiconductors, virtually eliminating China's semi industry overnight, escalating the high-tech battle with Beijing.
“Every American executive and engineer working in China’s semiconductor manufacturing industry resigned yesterday, paralyzing Chinese manufacturing overnight,” wrote Twitter user @lidangzzz, translated by Rhodium Group analyst Jordan Schneider.
“One round of sanctions from Biden did more damage than all four years of performative sanctioning under Trump.”
What happened: Yangtze Memory Technologies Co, a company owned by China, and 30 other semiconductor companies in China have been put to the Unverified List by the Bureau of Industry and Security, a division of the U.S. Department of Commerce.
Sanctions imposed by the Biden administration also prevent businesses from sending the cutting-edge processors required to run or train the most efficient AI algorithms to ChinaThe extensive new regulations are intended to keep China's AI industry in the stone age as the U.S. and other Western nations advance....
....MUCH MORE
