The strategic long term global semiconductor outcomes just got a very clear perimeter....Chinas' terms of trade response will be commensurate with this US initiative I'm sure
Great for those DMEA-accredited Category 1A Trusted Foundries in the space .....Skywater and GF
not so good for the majority of other trade sectors
'The Biden administration unveiled a comprehensive strategy last week to move the U.S. forward and hold China back in the production of advanced semiconductors, virtually eliminating China's semi industry overnight, escalating the high-tech battle with Beijing.
“One round of sanctions from Biden did more damage than all four years of performative sanctioning under Trump.”
“Every American executive and engineer working in China’s semiconductor manufacturing industry resigned yesterday, paralyzing Chinese manufacturing overnight,” wrote Twitter user @lidangzzz, translated by Rhodium Group analyst Jordan Schneider.
China's Semiconductor Industry 'Decapitated Overnight': What 'Annihilation Looks Like' - Applied Materials (NASDAQ:AMAT), ASML Holding (NASDAQ:ASML) - Benzinga
A sanction like no other before it
Apple Supplier TSMC And Other Chip Suppliers' Stocks Plunge After US Curbs On China - Apple (NASDAQ:AAPL), Taiwan Semiconductor (NYSE:TSM) - Benzinga
interesting times
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