Speaker 1: Hey there, I'm ting and welcome to Beijing Bytes, your
Speaker 1: go to source for the latest on the US China
Speaker 1: tech war. Let's dive right in. Over the past two weeks,
Speaker 1: the tech rivalry between the US and China has escalated significantly.
Speaker 1: On December thir China announced stringent export restrictions on critical minerals,
Speaker 1: specifically targeting the US. This move was a direct response
Speaker 1: to the Biden administration's crackdown on China's semiconductor industry back,
Speaker 1: which included banning the export of twenty four types of
Speaker 1: semiconductor manufacturing equipment and three related software tools to China.
Speaker 1: The US has been tightening its grip on China's access
Speaker 1: to advanced semiconductor technologies, crucial for AI five G and supercomputing.
Speaker 1: Companies like Nvidia, Micron, Intel, and Qualcom have been caught
Speaker 1: in the crossfire, facing regulatory and market challenges that jeopardize
Speaker 1: their growth prospects. In retaliation, China has imposed restrictions on
Speaker 1: rare earth metals critic for semiconductor production. This tit for
Speaker 1: tat game has disrupted the semiconductors supply chain and stoked
Speaker 1: economic tensions. The US government is determined to restrict China
Speaker 1: from getting its hands on cutting edge technologies that can
Speaker 1: strengthen its military. The Treasury Department has also issued a
Speaker 1: final rule to implement President Biden's twenty twenty three executive
Speaker 1: order targeting US investments in Chinese companies engaged in the
Speaker 1: tech sector. This rule, effective as of today, January second,
Speaker 1: twenty twenty five, prohibits US persons from engaging in certain
Speaker 1: transactions involving China or Chinese persons, and requires notifications to
Speaker 1: the US government for others. Four experts predict that these
Speaker 1: restrictions will hurt US tech companies reliant on the Chinese market,
Speaker 1: affecting revenue streams, supply chains, and investor sentiment. The escalating
Speaker 1: trade war has created a challenging environment for companies like Nvidia,
Speaker 1: which has been a proponent of the US US government's restrictions,
Speaker 1: but will likely see a negative impact on its business
Speaker 1: in China. As we step into twenty twenty five, the
Speaker 1: US China tech war is expected to intensify. The strategic
Speaker 1: implications are significant, with both nations vying for technological supremacy.
Speaker 1: The US aims to prevent China from accessing advanced technologies
Speaker 1: that could bolster its military capabilities, while China seeks to
Speaker 1: protect its own tech industry and assert its dominance in
Speaker 1: the global market. Stay tuned for more updates on this
Speaker 1: developing story. That's all for now from Beijing Bytes. I'm
Speaker 1: ting and I'll catch you in the next byte. Thanks
Speaker 1: for listening. Make sure you hit the subscribe button and
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