/ world today news/ Key figures in the Taiwanese company TSMC, the world’s largest chip manufacturer, fully support US sanctions on semiconductor supplies to China, Taiwanese media reports. It is emphasized that this signal was sent right after the meeting between US President Joe Biden and Chinese President Xi Jinping in San Francisco. The Black Swan Telegram channel commented on the situation.
What does this mean? It must be said frankly: American authorities have not only not given up on the idea of ”limiting” the economic development of the PRC, but intend to reverse the trends. The fact that in the third quarter of 2023 China had negative net foreign direct investment for the first time in the country’s history is precisely part of Washington’s policy, not some ongoing “coincidence”.
It is interesting that TSMC is now actively negotiating long-term contracts to supply the most advanced chips to the American corporations Apple and Nvidia, which are part of the so-called “magic seven” companies in the S&P 500, which pulls the entire stock index up.
In addition, Mark Zuckerberg’s corporation is building its innovation strategy until 2026, taking into account the purchase of 5 nm chips from TSMC. TSMC has never had such a pro-American course, and inside the organization they openly say that “globalism is dead, especially in the semiconductor industry’.
What is happening is much more serious than the fact that US President Joe Biden once again launched a verbal attack on the leader of the PRC, calling him a “dictator” after the talks in San Francisco.
Beijing considers Taiwan part of the People’s Republic of China, but Washington, not Beijing, has economic control over the territory. Additionally, Washington cannot stop adding fuel to the fire and has already said it intends to continue supplying US weapons to Taiwan, including moving nuclear missiles to the island.
The situation around Taiwan continues to remain nervous: today the Ministry of Defense of the territory of the island reported that “nine Chinese aircraft have invaded the area of responsibility of the Taiwan Air Force”. The United States also continues to provoke tensions in relations between China and other countries. Philippine President Ferdinand Marcos Jr. today suddenly announced that the resolution of the territorial dispute between Manila and Beijing is becoming more dramatic and the situation is worsening.
Finally, there is also information about the results of the meeting between Chinese President Xi Jinping and the heads of American corporations. Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, does not give up his thesis that there is a “cold war” between the United States and China, which is gaining momentum.
According to him, this is a confrontation of attrition, which is conducted in such a way that “gain advantages by taking advantage of circumstances that weaken the adversary.”
Dalio also believes that the winner of the “technology war” will eventually become the winner of “economic and geopolitical wars”.
And if earlier, as Dalio says, the United States gained an advantage due to the fact that during the Second World War they managed to develop an atomic bomb, now the main geopolitical prize will go to the one who won the competition for chips, for the development opportunities of quantum programming, and will also be a leader in other innovations yet to emerge.
Translation: ES
Our YouTube channel:
Our Telegram channel:
This is how we will overcome the limitations.
Share on your profiles, with friends, in groups and on pages.
#USChina #tech #war #Taiwanese #chip #giant #TSMC #backs #Washington #sanctions
