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<v Speaker 1>Hello everyone, ting here your digital, bite sized guide to

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<v Speaker 1>the tangled drama of US China tech rivalry. Let's get

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<v Speaker 1>right to the silicon heart of the matter. Over the

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<v Speaker 1>past two weeks, the tech competition between Washington and Beijing

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<v Speaker 1>has packed as much suspense as the latest hit Sea drama,

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<v Speaker 1>but with more semiconductors and fewer love triangles. First up,

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<v Speaker 1>cyber front lines have been unusually noisy. The usual shadowy

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<v Speaker 1>exchanges between Chinese and American cyber actors hit new levels

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<v Speaker 1>after suspected state linked hackers targeted financial firms in both nations. Notably,

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<v Speaker 1>anonymous Chinese sources pointed fingers at Washington for weaponizing cyberspace,

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<v Speaker 1>while US agencies traced a sophisticated fishing campaign back to

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<v Speaker 1>a Shanghai based hacking collective. Queue the accusations, denials, and

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<v Speaker 1>many a no comment classic cyber warfare theater. Meanwhile, fresh

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<v Speaker 1>tech restrictions are coming down like spring rain. On May twelfth,

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<v Speaker 1>both sides announced a mutual Terarify rollback, an apparent pause

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<v Speaker 1>to the so called chip war, with US tariffs on

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<v Speaker 1>Chinese tech goods dropping from a blistering one forty five

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<v Speaker 1>percent to thirty percent and China slashing its countermeasures to

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<v Speaker 1>a softer ten percent sounds like progress right well, as

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<v Speaker 1>Joe Weijuan over at unsw noted, don't break out the

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<v Speaker 1>Baiju just yet. These tariff cuts are temporary and deeper

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<v Speaker 1>tensions remain alive and well. Beijing is still wary of

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<v Speaker 1>Washington's ever tightening chokehold on advanced semiconductors and AI, especially

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<v Speaker 1>after last week's surprise controls on chip making equipment exports

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<v Speaker 1>to China. The policy front is equally steamy. The US

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<v Speaker 1>is doubling down on its industrial policy, with Congress approving

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<v Speaker 1>a new Tech Investment Review Board aimed squarely at outbound

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<v Speaker 1>investments in Chinese AI and quantum startups. China isn't just watching,

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<v Speaker 1>It's stepping up its dual circulation policy, funneling investment into

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<v Speaker 1>homegrown champions like deep Seek, the AI firm causing waves

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<v Speaker 1>by powering not just evs but also robotics giants like

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<v Speaker 1>ub Tech and PC conglomerate Lenovo. Deutsche Bank analysts even

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<v Speaker 1>called Deep Seek's rise a Sputnik moment for China, a

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<v Speaker 1>warning bell for Washington that the next industrial revolution clock

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<v Speaker 1>is ticking fast. Industry impact the global supply chain continues

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<v Speaker 1>its identity crisis. Chip makers in Taiwan and South Korea

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<v Speaker 1>are caught in the crossfire, forced to choose sides as

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<v Speaker 1>US and China both dangle incentives and wheeled penalties. Meanwhile,

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<v Speaker 1>smaller nations are sweating caught between two tech giants. The

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<v Speaker 1>risk of getting squeezed rises by the day. What's the

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<v Speaker 1>strategic outlook? Experts warn that while this ceasefire on tariffs

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<v Speaker 1>may cool markets temporarily, the tech rivalry is only fragmenting

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<v Speaker 1>the global order. Further, think less of a new Cold war,

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<v Speaker 1>more of an endless tug of war, with countries and

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<v Speaker 1>companies forced to pick teams or risk going solo. Long

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<v Speaker 1>story short, No one should expect lasting peace, briefer, sharper battles, forecast,

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<v Speaker 1>expect more sanctions, more cyber skirmishes, and for the world,

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<v Speaker 1>a bigger question. Who really gets to write the next

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<v Speaker 1>chapter of the Digital Age? That's all from Ting, Stay

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<v Speaker 1>bite wise, stay curious. Thanks for listening. Make sure you

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<v Speaker 1>hit the subscribe button and never miss an update. This

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