Speaker 1: Hey there, I'm Ting and welcome to Beijing Bytes, where
Speaker 1: we dive into the latest US China tech war updates.
Speaker 1: It's been a wild couple of weeks, so let's get
Speaker 1: straight into it. First off, cybersecurity incidents have been heating up.
Speaker 1: China's National Cyber Incident Response Center accused the US government
Speaker 1: of launching cyber attacks against two Chinese tech companies to
Speaker 1: steal trade secrets. The alleged attacks date back to August
Speaker 1: and May of last year, targeting advanced material design and
Speaker 1: research units as well as a large scale high tech
Speaker 1: enterprise in China's smart energy and digital information industry. But
Speaker 1: that's not all. The US has been tightening the screws
Speaker 1: on China's semiconductor industry. On December second, the Biden administration
Speaker 1: announced significant new export restrictions on semiconductor equipment and technology
Speaker 1: destined for China. These restrictions aim to limit China's ability
Speaker 1: to produce advanced semiconductors, which the US believes pose a
Speaker 1: substantial risk to national security. China didn't take long to retaliate.
Speaker 1: On December third, China imposed its most stringent critical minerals
Speaker 1: export restrictions yet, specifically targeting the US. These restrictions ban
Speaker 1: shipments of antimony, gallium, and germanium to the US, marking
Speaker 1: a new escalation in the tech trade war. So what
Speaker 1: does this mean for the industry. The new restrictions will
Speaker 1: make it even harder for Chinese firms to access the
Speaker 1: advanced technologies they need to compete with the US, and
Speaker 1: with the incoming Trump administration expected to take an even
Speaker 1: tougher stance on China, things are likely to get even
Speaker 1: more heated. But here's the thing. This isn't just about
Speaker 1: the US and China. The global semiconductor industry is already
Speaker 1: feeling the pinch, with many companies struggling to find alternative
Speaker 1: suppliers for critical minerals, and with the US and China
Speaker 1: accounting for a huge chunk of global semiconductor production, the
Speaker 1: implications are far reaching. So what's next. Experts predict that
Speaker 1: the tech trade war will only continue to escalate, With
Speaker 1: both sides digging in for the long haul, and with
Speaker 1: cybersecurity incidents on the rise, it's clear that this is
Speaker 1: a war that will be fought on multiple fronts. That's
Speaker 1: all for now, folks, Stay tuned for more updates from
Speaker 1: the front lines of the US China tech war. I'm
Speaker 1: ting and I'll catch you on the flip side. Thanks
Speaker 1: for listening. Make sure you hit the subscribe button and
Speaker 1: never miss an update. This has been a quiet please production.
Speaker 1: For more check out Quiet Please dot ai