WEBVTT

1
00:00:00.040 --> 00:00:02.560
<v Speaker 1>Hey there, I'm Ting and welcome to Beijing Bites, where

2
00:00:02.560 --> 00:00:05.799
<v Speaker 1>we dive into the latest US China tech war updates.

3
00:00:06.280 --> 00:00:08.400
<v Speaker 1>It's been a wild two weeks, so let's get straight

4
00:00:08.439 --> 00:00:13.480
<v Speaker 1>into it. First off, cybersecurity incidents have been making headlines.

5
00:00:13.880 --> 00:00:18.480
<v Speaker 1>China's National Computer Network Emergency Response Technical Team Coordination Center

6
00:00:18.760 --> 00:00:22.719
<v Speaker 1>or cnc ART, accused the US government of launching cyber

7
00:00:22.760 --> 00:00:26.440
<v Speaker 1>attacks against two Chinese tech companies to steal trade secrets.

8
00:00:27.440 --> 00:00:30.719
<v Speaker 1>One of the attacks allegedly exploited a vulnerability in a

9
00:00:30.760 --> 00:00:35.320
<v Speaker 1>document management system to infiltrate a company's software upgrade management server.

10
00:00:35.799 --> 00:00:40.479
<v Speaker 1>This comes as the US Treasury Department sanctioned Sichuan Silence

11
00:00:40.600 --> 00:00:45.880
<v Speaker 1>Information Technology Company Limited and one of its employees, Guan Tianfeng,

12
00:00:46.200 --> 00:00:50.119
<v Speaker 1>for their roles in compromising tens of thousands of firewalls worldwide,

13
00:00:50.479 --> 00:00:55.159
<v Speaker 1>including those of US critical infrastructure companies. Now, let's talk

14
00:00:55.200 --> 00:00:58.960
<v Speaker 1>about new tech restrictions. The Biden administration has been ramping

15
00:00:59.079 --> 00:01:02.799
<v Speaker 1>up its efforts to curb China's access to advanced semiconductors.

16
00:01:03.159 --> 00:01:06.239
<v Speaker 1>On December second, the Commerce Department's Bureau of Industry and

17
00:01:06.280 --> 00:01:10.640
<v Speaker 1>Security unveiled a third package of chip export rules against

18
00:01:10.760 --> 00:01:14.840
<v Speaker 1>China against China adding one hundred forty Chinese chip makers

19
00:01:14.840 --> 00:01:18.719
<v Speaker 1>and suppliers to its entity list and imposing new export

20
00:01:18.760 --> 00:01:23.200
<v Speaker 1>controls on twenty four types of semiconductor manufacturing equipment and

21
00:01:23.280 --> 00:01:27.640
<v Speaker 1>high bandwidth memory chips. This move was swiftly followed by

22
00:01:27.760 --> 00:01:33.599
<v Speaker 1>China's announcement of strict export controls on critical minerals including antimony, gallium,

23
00:01:33.760 --> 00:01:37.920
<v Speaker 1>and germanium, specifically targeted at the U S. One. US

24
00:01:38.000 --> 00:01:41.799
<v Speaker 1>Commerce Secretary Gina Raimando recently told The Wall Street Journal

25
00:01:41.840 --> 00:01:44.519
<v Speaker 1>that trying to hold China back is a fool's errand

26
00:01:44.879 --> 00:01:46.680
<v Speaker 1>and that the only way for the US to win

27
00:01:46.719 --> 00:01:49.519
<v Speaker 1>the chip war is to out innovate China and stay

28
00:01:49.560 --> 00:01:53.120
<v Speaker 1>ahead of it. For this sentiment echoes the long standing

29
00:01:53.480 --> 00:01:56.640
<v Speaker 1>tit for tat nature of the US China tech trade war.

30
00:01:57.599 --> 00:02:01.920
<v Speaker 1>The industry impacts are significant. Chinese industry groups have called

31
00:02:01.920 --> 00:02:05.519
<v Speaker 1>on their members not to buy American legacy semiconductors due

32
00:02:05.560 --> 00:02:08.680
<v Speaker 1>to safety concerns, and the U S Office of Management

33
00:02:08.680 --> 00:02:12.159
<v Speaker 1>and Budget has released a request for information to gauge

34
00:02:12.240 --> 00:02:16.639
<v Speaker 1>the best ways to incentivize government contractors to use domestically

35
00:02:16.639 --> 00:02:23.240
<v Speaker 1>manufactured chips. In strategic terms, these developments underscore the escalating

36
00:02:23.360 --> 00:02:26.479
<v Speaker 1>tech trade war between the U S and China. The

37
00:02:26.599 --> 00:02:29.800
<v Speaker 1>US aims to protect its chip making industry, while China

38
00:02:29.840 --> 00:02:33.400
<v Speaker 1>seeks to build its own semiconductor capabilities. The future of

39
00:02:33.439 --> 00:02:36.960
<v Speaker 1>this competition will likely be shaped by who can innovate

40
00:02:37.080 --> 00:02:42.520
<v Speaker 1>faster and more effectively. That's all for to Day's Beijing Bytes.

41
00:02:42.719 --> 00:02:45.360
<v Speaker 1>Stay tuned for more updates on the US China tech war.

42
00:02:45.919 --> 00:02:48.000
<v Speaker 1>I'm ting and I'll catch you in the next bite.

43
00:02:48.520 --> 00:02:51.080
<v Speaker 1>Thanks for listening. Make sure you hit the subscribe button

44
00:02:51.280 --> 00:02:54.080
<v Speaker 1>and never miss an update. This has been a quiet

45
00:02:54.120 --> 00:02:57.280
<v Speaker 1>please production. For more check out Quiet Please dot a

46
00:02:57.439 --> 00:02:57.479
<v Speaker 1>I