Biden sanctioned Chinese chips exports

[ny_quant]

Last Friday, the Biden administration issued a bombshell, in the dry bureaucratic language of export control regulation. In an interim final rule filed by the Commerce Department’s Bureau of Industry and Security, a set of rules called the Export Administration Regulations (EAR) were amended “to implement necessary controls on advanced computing integrated circuits (ICs), computer commodities that contain such ICs, and certain semiconductor manufacturing items.”

In plain English, it was a kneecapping of the Chinese tech industry, depriving it of the advanced chips—and the means of making them—vital for everything from smartphones to self-driving cars. American companies will not, for the most part, be able to export them to China, nor will the many non-American companies that rely on US technology to make their own advanced chips...

It’s a tool that the Biden administration, perhaps even more than its predecessor, has decided to use bluntly. The Trump administration, for its part, targeted Huawei Technologies Co. and its fellow Chinese telecom ZTE Corp. with what were at the time unprecedented sanctions. The Biden administration has essentially expanded those measures to the entire Chinese tech sector, as the Carnegie Endowment for International Peace’s Jon Bateman points out in an Oct. 12 piece in Foreign Policy.

Scholars of Chinese-American relations talk a lot about “decoupling.” The term, with its echoes of Gwyneth Paltrow’s description of her divorce, is a euphemism for the process by which the two giant economies might try to mutually disentangle themselves, one freighted with the potential for political misunderstanding, economic destruction, and, in the worst case, war. As far as the Biden administration is concerned, decoupling has now occurred.


See also: https://www.nytimes.com/2022/10/13/us/politics/biden-china-technology-semiconductors.html

Товарищи справа единодушно стоя аплодируют тому как Л.И.Байден расширил и углубил начинания гениального президента Трампа. Шутка.

Comments

Re: common sense

[rdia.livejournal.com]

«Капитал, — говорит „Quarterly Review“, — избегает шума и брани и отличается боязливой натурой». Это правда, но это ещё не вся правда. Капитал боится отсутствия прибыли или слишком маленькой прибыли, как природа боится пустоты. Но раз имеется в наличии достаточная прибыль, капитал становится смелым. Обеспечьте 10 процентов, и капитал согласен на всякое применение, при 20 процентах он становится оживлённым, при 50 процентах положительно готов сломать себе голову

Я слегка обрезал цитату, чтобы выделить лишь нужное нам сейчас. Два века назад люди уже всё поняли.