Global Chips Battle Intensifies With $81 Billion Subsidy Surge
US and allies vie with China for semiconductor supremacy, powered by wave of domestic investment.
Superpowers led by the US and European Union have funnelled nearly $81 billion toward cranking out the next generation of semiconductors, escalating a global showdown with China for chip supremacy.
It’s the first wave of close to $380 billion earmarked by governments worldwide for companies like Intel Corp. and Taiwan Semiconductor Manufacturing Co. to boost production of more powerful microprocessors. The surge has pushed the Washington-led rivalry with Beijing over cutting-edge technology to a critical turning point.
US Kicks Chinese Crypto Miner Off Land Near Air Force Base
Treasury says Wyoming land buy was a national security threat
The US ordered a Chinese crypto mining company to vacate and sell a property it bought near a Wyoming Air Force base that houses intercontinental ballistic missiles, calling the firm a national security threat.
MineOne Partners Ltd. and its affiliated units and companies “ might take action that threatens to impair the national security ” of the US, the White House said in an order.
The message to Europe from Xi’s failed visit
The lack of response to European trade and strategic concerns points to an assessment that on balance China can afford to ignore a weak player.
A “missed opportunity”. That’s the verdict much of Europe’s media reached about the outcome of Chinese President Xi Jinping’s visit to the “old continent” last week.
This was Mr Xi’s first trip to Europe in five years, a period which seems almost an eternity. Back in 2019, when he last visited, everyone was buying Russian oil and gas, pandemics were of interest only to medical sleuths and historians and, given the antics of Donald Trump in Washington, China was hailed as “the adult in the room”, the only nation able to save the world from trade wars.
China accused of targeting its overseas citizens for political activism
China is targeting citizens studying abroad for their political activism, rights group Amnesty International said Monday, with some students reporting harassment of family members back home.
Beijing does not tolerate political dissent and has used sophisticated tech tools as well as intimidation to crack down on domestic protesters and activists.
And its curbs on political activism are increasingly expanding abroad in the form of "transnational repression," Amnesty International said in a report, citing interviews with dozens of students in eight European and North American countries.
US special forces to the frontline against China, Russia
US special forces shifting emphasis from counterinsurgency to great power competition despite budget cuts and personnel challenges.
China Vows ‘Resolute Measures’ After Biden’s New Tariffs,US should cancel the added tariffs, Commerce Ministry says,Analysts see measured response from Beijing before election
Joe Biden is hiking tariffs on imports including semiconductors, batteries, solar cells, and critical minerals.
China blasted the Biden administration’s move to increase US tariffs on a wide range of Chinese imports, vowing to take its own action, without giving specifics.
“China will take resolute measures to safeguard its own rights and interests,” the Ministry of Commerce said in a statement Tuesday.
The Biden administration's new tariffs on Chinese electric vehicles and other strategic sectors will likely accelerate a shift of Chinese production to Mexico, Vietnam and elsewhere to avoid them.
U.S. officials and trade experts say that without strong efforts to cut off trans shipped or lightly processed Chinese goods from Mexico and other countries will continue to enter USA. President Joe Biden’s sweeping tariff hikes on a range of Chinese imports are just the latest US moves in a years-long campaign that is rewiring Asian trade routes, figures in the past few days show.
Taiwan’s booming exports to the US are just one example of how China is getting left out of some of them.
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