How the escalating U.S.-China tech war could hurt American companies

0

[ad_1]

Smartphones. Cars. Toasters. Fighter jets. While vastly different on the outside, all four items share something similar on the inside: semiconductors.

“There’s no tech industry without semiconductors,” said Stacy Rasgon, senior semiconductor analyst at Bernstein Research.

Semiconductors represent a $574 billion industry globally and are on pace to cross the trillion-dollar mark by the end of the decade. The industry has been caught in the crosshairs between the U.S. and China, two of the world’s largest economies.

The U.S., which leads the world in global semiconductor market share, recently issued sweeping restrictions on the sale of advanced chips and chipmaking equipment to China, in an attempt to restrict Beijing’s access to critical technologies. The Biden administration has said the export controls are aimed in part at preventing the use of American-made chips in China’s military. China, meanwhile, has accused the U.S. of abusing export restrictions to impede the country’s technological advances.

“We cannot allow China to have our most sophisticated semiconductor chips for use in the Chinese military,” U.S. Secretary of Commerce Gina Raimondo said in an interview with CNBC on Oct. 30, 2023. “That’s where we’ve drawn the cut line.”

Watch the video above to find out more about how the semiconductor industry became the centerpiece of a technological tug-of-war between the U.S. and China, and what the potential implications are for companies caught in the middle of it all.

Correction: A previous version of this story misstated the value of the semiconductor industry. According to the Semiconductor Industry Association, global semiconductor sales reached $574 billion in 2022.

[ad_2]

Source link

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 92,284.73
ethereum
Ethereum (ETH) $ 3,314.43
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.09
bnb
BNB (BNB) $ 892.57
usd-coin
USDC (USDC) $ 1.00
solana
Solana (SOL) $ 137.57
staked-ether
Lido Staked Ether (STETH) $ 3,312.22
tron
TRON (TRX) $ 0.282415
dogecoin
Dogecoin (DOGE) $ 0.147136
cardano
Cardano (ADA) $ 0.465439
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.03
wrapped-steth
Wrapped stETH (WSTETH) $ 4,046.01
whitebit
WhiteBIT Coin (WBT) $ 61.56
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 3,594.45
bitcoin-cash
Bitcoin Cash (BCH) $ 585.63
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 92,177.70
chainlink
Chainlink (LINK) $ 14.35
usds
USDS (USDS) $ 1.00
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999394
weth
WETH (WETH) $ 3,315.02
leo-token
LEO Token (LEO) $ 9.63
wrapped-eeth
Wrapped eETH (WEETH) $ 3,589.59
stellar
Stellar (XLM) $ 0.251881
hyperliquid
Hyperliquid (HYPE) $ 28.22
monero
Monero (XMR) $ 390.97
zcash
Zcash (ZEC) $ 438.06
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 92,308.73
ethena-usde
Ethena USDe (USDE) $ 0.999160
litecoin
Litecoin (LTC) $ 85.47
avalanche-2
Avalanche (AVAX) $ 14.58
sui
Sui (SUI) $ 1.65
hedera-hashgraph
Hedera (HBAR) $ 0.138040
shiba-inu
Shiba Inu (SHIB) $ 0.000009
usdt0
USDT0 (USDT0) $ 1.00
susds
sUSDS (SUSDS) $ 1.09
dai
Dai (DAI) $ 1.00
world-liberty-financial
World Liberty Financial (WLFI) $ 0.151218
the-open-network
Toncoin (TON) $ 1.66
crypto-com-chain
Cronos (CRO) $ 0.105405
paypal-usd
PayPal USD (PYUSD) $ 0.999931
polkadot
Polkadot (DOT) $ 2.27
mantle
Mantle (MNT) $ 1.11
uniswap
Uniswap (UNI) $ 5.67
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.21
aave
Aave (AAVE) $ 200.91
bittensor
Bittensor (TAO) $ 302.66
usd1-wlfi
USD1 (USD1) $ 0.998735
canton-network
Canton (CC) $ 0.073684
rain
Rain (RAIN) $ 0.007668
Shares