'China has been goaded into building self-sufficiency far earlier than it would have otherwise,' writes MSA Capital's Ben Harburg.
  • AutoTL;DR@lemmings.worldBEnglish
    3·
    1 year ago

    This is the best summary I could come up with:

    Prior to the ZTE and Huawei components bans, Chinese companies were content to continue purchasing American chips and focusing on the front-end hardware.

    America now faces the short-term threat of losing the critical revenue that has fueled the research and development that made us an innovation leader, as well as the long-term inevitability that China will build its own full-scale semiconductor ecosystem.

    Tolerance for self-serving requests from Washington, such as demands to increase oil production in Saudi Arabia to drive down the price at the pump in Iowa, now fall on deaf ears.

    We must develop a consistent policy for all foreign technology companies operating in the U.S., including rules on domestic ownership, data storage, security risks, and related platform access.

    Most Western emission reduction targets cannot be met without participation from the Chinese, who hold many of the patents and core inputs for solar, wind, and electric battery power.

    If we don’t co-build, co-monitor, and co-regulate the proliferation of potential doomsday technologies such as AI and nuclear, one side could build something with massively destructive global ramifications.

    The original article contains 1,434 words, the summary contains 178 words. Saved 88%. I’m a bot and I’m open source!