You Are Reading This Thanks to Semiconductors
Key Excerpts from Article on Website of ScheerPost
Posted: October 8th, 2023
On 7 October 2022, the United States government implemented export controls in an effort to hinder the development of China’s semiconductor industry. The next day, China’s Foreign Ministry spokesperson Mao Ning said: "... By politicising tech and trade issues and using them as a tool and weapon, the US cannot hold back China’s development but will only hurt and isolate itself when its action backfires." Under the Trump and Biden administrations, the US has placed hundreds of Chinese companies on trade and investment blacklists. These restrictions have banned any company in the world that uses US products – effectively every chip designer and manufacturer – from doing business with Chinese tech firms. The US has also pressured governments and firms around the world to impose similar restrictions. Washington fears that China’s technological development will lead, through trade and investment, to the dispersal of advanced technologies more broadly throughout the world, namely, to states in the Global South that the US sees as a threat. This would be a significant blow to the US’s power over these countries. The scale of the developments in digital technology is staggering. Earlier conflicts took place over energy and food, but now this conflict has heated up ... the resources of our digital world. This technology can be used to solve so many of our dilemmas, and yet, here we are, at the precipice of greater conflict to benefit the few over the needs of the many.
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