“This Is What Annihilation Looks Like”: Biden Export Controls ‘Wreaking Havoc’ On China’s Chip Industry

by ZeroHedge News

A Twitter thread translated by Rhodium Group China expert Jordan Schneider – whose blog, China Talk, can be found here, provides keen insight into the effects of the Biden administration’s new export controls on the chip industry.

To review, the Biden administration last week laid out new rules on chip exports based on US concerns that China will use AI to improve military capabilities, support surveillance for human rights abuses and “disrupt or manufacture outcomes that undermine democratic governance and sow social unrest,” according to Assistant Secretary of Commerce for Export Administration Thea D. Rozman Kendler.

The sweeping regulations will curb the sale of semiconductors and chipmaking equipment to its #1 geopolitical rival – which, as Bloomberg puts it, is “sending shockwaves through the $440 billion industry.”

In a Friday Twitter thread which he translated from Hedgehog Computing Group founder Xinran Wang (@lidangzzz), Schneider lays out the carnage in English:

“To put it simply, Biden has forced all Americans working in China to pick between quitting their jobs and losing American citizenship,” Schneider writes, adding “One round of sanctions from Biden did more damage than all four years of performative sanctioning under Trump.”

Although American semiconductor exporters had to apply for licenses during the Trump years, licenses were approved within a month. With the new Biden sanctions, all American suppliers of IP blocks, components, and services departed overnight —— thus cutting off all service [to China].

Long story short, every advanced node semiconductor company is currently facing comprehensive supply cut-off, resignations from all American staff, and immediate operations paralysis.

This is what annihilation looks like: China’s semiconductor manufacturing industry was reduced to zero overnight. Complete collapse. No chance of survival.

Read the full article at ZeroHedge News.

See Also:

Understand the Times We are Currently Living Through

American Christians Want a New Jewish King to Become Slaves Instead of Serving Jesus Christ in Freedom

Where is Your Citizenship Registered?

American Christians are Biblically Illiterate Not Understanding the Difference Between The Old Covenant vs. The New Covenant

Exposing the Christian Zionism Cult

Jesus Would be Labeled as “Antisemitic” Today Because He Attacked the Jews and Warned His Followers About Their Evil Ways

Insider Exposes Freemasonry as the World’s Oldest Secret Religion and the Luciferian Plans for The New World Order

Identifying the Luciferian Globalists Implementing the New World Order – Who are the “Jews”?

The Brain Myth: Your Intellect and Thoughts Originate in Your Heart, Not Your Brain

Fact Check: “Christianity” and the Christian Religion is NOT Found in the Bible – The Person Jesus Christ Is

Was the U.S. Constitution Written to Protect “We the People” or “We the Globalists”? Were the Founding Fathers Godly Men or Servants of Satan?