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<v Speaker 1>Hey there, I'm Ting and welcome to Beijing Bites. Today

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<v Speaker 1>we're diving into the latest updates on the US China

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<v Speaker 1>tech war. It's been a wild couple of weeks, so

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<v Speaker 1>let's get straight to it. First off, cybersecurity incidents have

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<v Speaker 1>been making headlines. The US Treasury Department just sanctioned Sichuan's

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<v Speaker 1>Silence Information Technology Company and one of its employees, Guantianfeng,

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<v Speaker 1>for their role in compromising tens of thousands of firewalls worldwide,

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<v Speaker 1>including those of US critical infrastructure companies. This is a

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<v Speaker 1>big deal, folks, and it highlights the persistent threat of

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<v Speaker 1>Chinese cyber actors to US national security. But that's not all.

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<v Speaker 1>The Biden administration has also been busy announcing new tech restrictions.

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<v Speaker 1>On December second, the Department of Commerce's Bureau of Industry

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<v Speaker 1>and Security introduced a package of rules aimed at limiting

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<v Speaker 1>China's ability to produce advanced semiconductors. This is part of

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<v Speaker 1>the administration's small yard high fence strategy, which seeks to

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<v Speaker 1>place tough restrictions on sensitive technologies while allowing economic relations

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<v Speaker 1>between US and Chinese entities to continue. Now, you might

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<v Speaker 1>be wondering what this means for industry. While it's already

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<v Speaker 1>having an impact, Chinese chip equipment maker Advanced Microfabrication Equipment,

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<v Speaker 1>or AMC, was recently removed from the US Department of

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<v Speaker 1>Defence's blacklist of companies with alleged ties to China's military.

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<v Speaker 1>This is a significant development as it allows MS to

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<v Speaker 1>do business with American firms once again. But what about

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<v Speaker 1>the strategic implications of all this. Experts say that the

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<v Speaker 1>US China tech war is only going to intensify in

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<v Speaker 1>the coming years. The Biden administration's new restrictions are just

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<v Speaker 1>the latest salvo in a broader effort to limit China's

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<v Speaker 1>technological advancements, and with the Trump transition under way, it's

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<v Speaker 1>unclear what the future holds for U S. China relations.

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<v Speaker 1>One thing is certain, though, The US and China are

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<v Speaker 1>engaged in a high stakes game of technological one upmanship,

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<v Speaker 1>and as we move forward, it's going to be crucial

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<v Speaker 1>to stay on top of the latest developments. That's all

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<v Speaker 1>for today, folks. Thanks for tuning into Beijing Bites. I'm

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<v Speaker 1>ting and I'll catch you in the next episode. Thanks

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<v Speaker 1>for listening. Make sure you hit the subscribe button and

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