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Your email address will not be published.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) $ 79,982.00
ethereum
Ethereum (ETH) $ 2,502.52
tether
Tether (USDT) $ 0.999998
bnb
BNB (BNB) $ 756.66
xrp
XRP (XRP) $ 1.42
usd-coin
USDC (USDC) $ 0.999948
solana
Solana (SOL) $ 107.00
tron
TRON (TRX) $ 0.335220
zcash
Zcash (ZEC) $ 1,175.01
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.06
hyperliquid
Hyperliquid (HYPE) $ 89.24
dogecoin
Dogecoin (DOGE) $ 0.090025
rain
Rain (RAIN) $ 0.017022
monero
Monero (XMR) $ 537.73
usds
USDS (USDS) $ 0.999675
chainlink
Chainlink (LINK) $ 12.35
wrapped-steth
Wrapped stETH (WSTETH) $ 2,779.67
whitebit
WhiteBIT Coin (WBT) $ 73.69
leo-token
LEO Token (LEO) $ 9.34
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 76,243.00
cardano
Cardano (ADA) $ 0.221458
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
stellar
Stellar (XLM) $ 0.186912
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 2,466.93
bitcoin-cash
Bitcoin Cash (BCH) $ 259.60
dai
Dai (DAI) $ 0.999969
uniswap
Uniswap (UNI) $ 7.04
wrapped-eeth
Wrapped eETH (WEETH) $ 2,465.31
canton-network
Canton (CC) $ 0.110496
ethena-usde
Ethena USDe (USDE) $ 0.999886
susds
sUSDS (SUSDS) $ 1.08
usd1-wlfi
USD1 (USD1) $ 0.999689
litecoin
Litecoin (LTC) $ 54.52
the-open-network
Gram (prev. Toncoin) (GRAM) $ 1.42
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 76,366.00
hedera-hashgraph
Hedera (HBAR) $ 0.081305
avalanche-2
Avalanche (AVAX) $ 7.71
sui
Sui (SUI) $ 0.800828
weth
WETH (WETH) $ 2,268.37
global-dollar
Global Dollar (USDG) $ 1.00
shiba-inu
Shiba Inu (SHIB) $ 0.000005
near
NEAR Protocol (NEAR) $ 2.38
usdt0
USDT0 (USDT0) $ 0.998824
paypal-usd
PayPal USD (PYUSD) $ 0.999922
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
crypto-com-chain
Cronos (CRO) $ 0.057355
tether-gold
Tether Gold (XAUT) $ 4,422.13
hashnote-usyc
Circle USYC (USYC) $ 1.14
memecore
MemeCore (M) $ 1.14
Shares