Speaker 1: US China tech war updates with ting Hey tech enthusiasts.
Speaker 1: Ting here coming to you with the latest pulse check
Speaker 1: on the increasingly complex US China tech tango. The past
Speaker 1: two weeks have been absolutely wild in the digital battleground.
Speaker 1: Let's dive right in. Just two days ago, on June tenth,
Speaker 1: Washington and Beijing finally hammered out a new framework in
Speaker 1: London to de escalate mounting trade tensions that nearly collapsed
Speaker 1: bilateral trade last month. The May twelfth Geneva negotiations pulled
Speaker 1: US back from the brink of what would have been
Speaker 1: an unprecedented trade embargo. Both sides claimed victory, with Trump
Speaker 1: securing rare earth exports from China while Beijing got verbal
Speaker 1: commitments against decoupling. But make no mistake, this isn't your
Speaker 1: parents trade war anymore. We've graduated to a full blown
Speaker 1: technology conflict where semiconductor manufacturing, equipment, rare earth processing, and
Speaker 1: software export controls are the new battlefields. China controls a
Speaker 1: staggering eighty five percent of global rare earth processing capacity,
Speaker 1: while the US leverages its choke hold on advanced chip
Speaker 1: production equipment like a s m l's EUV lithography machines,
Speaker 1: the casualties are mounting. On May twenty second, smartphone exports
Speaker 1: crashed a jaw dropping seventy two percent, the steepest decline
Speaker 1: since records began in twenty eleven. Meanwhile, on the cyber front,
Speaker 1: a China linked espionage group has been busy targeting over
Speaker 1: seventy organizations across multiple sectors between July twenty twenty four
Speaker 1: and March twenty twenty five, including cybersecurity firm Sentinel One.
Speaker 1: Adding to the digital chaos, two distinct mari botnets are
Speaker 1: currently exploiting the Wazo server vulnerability cve E twenty E
Speaker 1: twenty one six to launch distributed denial of service attacks
Speaker 1: and infect IoT devices worldwide. What's becoming crystal clear is
Speaker 1: that both nations are prioritizing technological sovereignty over short term
Speaker 1: economic gains. Chinas one hundred and forty three billion dollars
Speaker 1: semiconductor self Sufficiency Drive and America's fifty billion dollar Chips
Speaker 1: Act tell the story. Beijing's strategy of retaliating, preparing its
Speaker 1: population for a protracted struggle, and waiting for Washington to
Speaker 1: seek an off ramp proved effective in recent negotiations. The
Speaker 1: strategic chess match continues to evolve beyond tariffs to technological dominance.
Speaker 1: Despite the recent de escalation, experts warn the truce remains fragile.
Speaker 1: One thing is certain, Beijing views recent US actions as
Speaker 1: vindication for its techno industrial and self reliance policies. As
Speaker 1: we look ahead, expect continued volatility, especially around export controls
Speaker 1: on emerging technologies. The future economic and geopolitical power balance
Speaker 1: will ultimately be determined not by trade deficits, but by
Speaker 1: who controls the critical technologies of tomorrow. This is ting
Speaker 1: signing off until our next tech war update. Thanks for listening.
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