2y ago

China’s top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei ‘breakthrough’

www.cnn.com

China's top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei 'breakthrough' | CNN Business

China’s top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei ‘breakthrough’::Shares in SMIC, China’s largest contract chipmaker, plunged on Thursday, after two US congressmen called on the White House to further restrict export sales to the company.

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"Hot water"? They seem pretty content about the breakthrough.
Man, US penalizing foreign breakthroughs is pathetic.
- You don‘t get it. Huawei and the CCP made some propaganda about how the sanctions totally don‘t work and claimed they were able to produce a chip that is 5 years behind. It is however more likely it was a big bluff and they didn’t produce it themselves. So their plan of saying „Your sanctions only force us to innovate and will hurt you in the end so you might aswell lift them“ completely backfired. The US saw their propaganda and probably judt thought the sanctions weren‘t hard enough if China keeps getting chips supplied to them. Hot water is a nice euphemism for what China is in right now.
  
  Where do you get that from? How do you know the chip is 5 years behind? In the article it says that people were surprised how advanced it is. Genuinely curious
  
  Five seems like an exaggeration. I heard around three.
  probably judt thought the sanctions weren‘t hard enough
  They act in their own interests, you make it sound like sanctions are the state of nature.
  
  Man, I love the amount of copium here.
  Anything that makes you better little man :)
- "We're not assholes. But if we are, then they deserved it."
The fiction of the last 30 years is revealed to those with eyes to see.
All this time the capital class and their lackeys have been saying "Russia is a our superfriend now and China wants to be democratic so we are helping them by using their slave labour and don't you feel guilty for questioning our supremely good intentions here!"
And meanwhile it's the same old global power struggle, but you can make SO MUCH using slave labour, it was just too tempting to send every bit of our labour - even our high tech - over to their factories.
- The CCP be like "oh no, I have this enormous population of exploitable laborers with minimal workers rights, sure hope some wealthy western capitalist don't use them and make us rich in the process".
Ultimately though, does this matter? The smartphone userbase in China and India are a combined 6 times the size of the USA's and are growing. Furthermore, the USA imports most of their tech from China, while China keeps their wealth largely internal. Even if the USA were to completely cutoff trade with China, it's not like China's doing nearly as much importing of manufactured goods, especially in the low-end, and it's not as though China would be at a loss for trade partners even if every US ally followed suit.
Cutting off trade to China, at least by what I can tell, would hurt the USA far more than China, or am I wrong?
- They moved our jobs and production, and for what? Cheaper trinkets and widgets?
  
  Who's "they?"
- When was the last time you compared US and Chinese economic data?
  
  Never in any holistic manner, would you care to enlighten me?
This is the best summary I could come up with:
Shares in SMIC, China’s largest contract chipmaker, plunged on Thursday, after two US congressmen called on the White House to further restrict export sales to the company.
TechInsights, a research organization based in Canada specializing in semiconductors, revealed shortly after the launch that the smartphone contained a new 5G Kirin 9000s processor developed specifically for Huawei by SMIC.
Texas Republican Michael McCaul, who chairs the House Foreign Affairs Committee, was quoted by Reuters as saying he was concerned about the possibility of China trying to “get a monopoly” in the manufacture of less-advanced computer chips.
Chinese state media have touted the development as a sign the country had successfully “broken US sanctions” and “achieved technological independence” in advanced chipmaking.
Meme makers on the Chinese internet have even crowned US Commerce Secretary Gina Raimondo the unofficial brand ambassador for the Mate 60 series.
The memes poke fun at the idea that US sanctions, which are implemented and enforced by the US Commerce department, may have indirectly led to the launch of the new phone as China’s homegrown firms had to work with available technology.
The original article contains 706 words, the summary contains 183 words. Saved 74%. I'm a bot and I'm open source!
- Chinese state media have touted the development as a sign the country had successfully “broken US sanctions” and “achieved technological independence” in advanced chipmaking
  They touted about it just enough to be heard but not nearly enough for how big of a deal that would be if it actually were true. I mean most people only read about it now that the US as announced further sanctions so I have my doubt it was anything but a propaganda campaign.
  Meme makers on the Chinese internet have even crowned US Commerce Secretary Gina Raimondo the unofficial brand ambassador for the Mate 60 series.
  The memes poke fun at the idea that US sanctions, which are implemented and enforced by the US Commerce department
  That isn‘t actually what the memes are really about. It was probably a backfire to photos taken of high ranking CCP officials and celebrities using iPhones because those are still huge status symbols in China. Many of them endorsed Chinese brands but privately used iPhones which is a pretty big blow to their propaganda machine. They have recently made the rounds on social media. So of course CCP shills photoshopped pictures of the US commerce secretary using Huawei who was visiting China at the moment. China also then announced their politicians are no longer allowed to carry apple products. Paired with the likelyhood that their domestic chip turns out to be a hoax, China is in quite a mess. And I didn‘t even talk about the floods in Shenzhen and Hong Kong that the CCP definitely does not want the world to see right now. It‘s a tragedy and definitely won‘t help their technology branches, many of which call these cities their homes.
  
  domestic chip turns out to be a hoax
  sauce?
US crying and shitting its pants over the mere possibility of losing its top spot in the global market. I look forward to cheap computer parts. I thought the free market was a good thing. Only good when it screws over labor, huh?
- So China does not allow American companies in china nor do they allow most imports. Then they steal any ip they can get ahold of. Then you complain about the free market in a totalitarian state? Yeah, nah.
  
  If companies were so afraid of having their IP stolen, why were they tripping over themselves to work with a totalitarian state? Imaginary Property theft is rampant in all developing countries and that includes the US when it was still developing.
  
  They stopped American companies in response to the same American action.
America is upset again that other societies are developing technologically.
- Let's see those kernel vulnerabilities!!!
All of China is making fun of Usa, and all Usamericans start crying and throwing tantrums like nasty little children. Even their seniors in parliament.
What a show.
- US and 'allies' still have the edge. They can still stay ahead of China who they have made an independant competitor for some reason. Hopefully high spec phone prices come down.
- Except millions of oppressed Chinese citizens. They are not making fun of anything lol. https://www.theguardian.com/world/2023/jun/21/china-is-state-most-dangerous-to-its-own-citizens-civil-rights-report-finds

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