Speaker 1: Hey there, I'm Ting and welcome to Beijing Bites, where
Speaker 1: we dive into the latest US China tech war updates.
Speaker 1: It's been a wild two weeks, so let's get straight
Speaker 1: into it. First off, cybersecurity incidents have been making headlines.
Speaker 1: China's National Computer Network Emergency Response Technical Team Coordination Center
Speaker 1: or cnc ART, accused the US government of launching cyber
Speaker 1: attacks against two Chinese tech companies to steal trade secrets.
Speaker 1: One of the attacks allegedly exploited a vulnerability in a
Speaker 1: document management system to infiltrate a company's software upgrade management server.
Speaker 1: This comes as the US Treasury Department sanctioned Sichuan Silence
Speaker 1: Information Technology Company Limited and one of its employees, Guan Tianfeng,
Speaker 1: for their roles in compromising tens of thousands of firewalls worldwide,
Speaker 1: including those of US critical infrastructure companies. Now, let's talk
Speaker 1: about new tech restrictions. The Biden administration has been ramping
Speaker 1: up its efforts to curb China's access to advanced semiconductors.
Speaker 1: On December second, the Commerce Department's Bureau of Industry and
Speaker 1: Security unveiled a third package of chip export rules against
Speaker 1: China against China adding one hundred forty Chinese chip makers
Speaker 1: and suppliers to its entity list and imposing new export
Speaker 1: controls on twenty four types of semiconductor manufacturing equipment and
Speaker 1: high bandwidth memory chips. This move was swiftly followed by
Speaker 1: China's announcement of strict export controls on critical minerals including antimony, gallium,
Speaker 1: and germanium, specifically targeted at the U S. One. US
Speaker 1: Commerce Secretary Gina Raimando recently told The Wall Street Journal
Speaker 1: that trying to hold China back is a fool's errand
Speaker 1: and that the only way for the US to win
Speaker 1: the chip war is to out innovate China and stay
Speaker 1: ahead of it. For this sentiment echoes the long standing
Speaker 1: tit for tat nature of the US China tech trade war.
Speaker 1: The industry impacts are significant. Chinese industry groups have called
Speaker 1: on their members not to buy American legacy semiconductors due
Speaker 1: to safety concerns, and the U S Office of Management
Speaker 1: and Budget has released a request for information to gauge
Speaker 1: the best ways to incentivize government contractors to use domestically
Speaker 1: manufactured chips. In strategic terms, these developments underscore the escalating
Speaker 1: tech trade war between the U S and China. The
Speaker 1: US aims to protect its chip making industry, while China
Speaker 1: seeks to build its own semiconductor capabilities. The future of
Speaker 1: this competition will likely be shaped by who can innovate
Speaker 1: faster and more effectively. That's all for to Day's Beijing Bytes.
Speaker 1: Stay tuned for more updates on the US China tech war.
Speaker 1: I'm ting and I'll catch you in the next bite.
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