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Always Be Closing – deals to grab that sweet, sweet renminbi:
The US semiconductor industry wants to have its cake and eat it, or rather it wants to have continued access to the huge Chinese market despite Washington's ongoing campaign to limit Beijing's access to advanced chip technology.
This latest turn in the chip wars is due to concern among US chipmakers over the rules governing what investments companies will be able to make in China. These need to be clearer, according to the Semiconductor Industry Association (SIA), so that the companies know where they stand.
The SIA wants clear "guardrails" regarding the rules Washington plans to attach to the subsidies it will dole out as part of the CHIPS Act funding designed to boost semiconductor manufacturing in America.
US Commerce Secretary Gina Raimondo last year warned that companies receiving CHIPS Act cash would be forbidden from building advanced technology plants in China for a period of 10 years, and would only be allowed to expand any mature node facilities in China for the purpose of serving the Chinese market.
In an interview with Bloomberg, SIA president and CEO John Neuffer claimed that China was the semiconductor industry's biggest market: "Our view is that we need to play in that market."
The SIA said it just wants "clear rules of the road" so that what the US government deems a national security concern is well defined and the companies are able to take heed and plan ahead accordingly.
It isn't just US companies that are unhappy with strings attached to CHIPS Act funding. Semiconductor giant TSMC is said to be seeking up to $15 billion in subsidies to help build two chip fabrication plants in Arizona, but has expressed concerns about rules that may require it to share profits from the fabs with the US government as well as provide detailed information about its operations.
The 10-year ban on Chinese investments is a bone of contention for Samsung Electronics and SK hynix too.
(Score: 2) by ikanreed on Sunday May 07, @12:59AM (1 child)
The US's position seems to be "as long as we need to have a terrible stagflation economic crash caused by our inability to govern fed policy appropriately for 15 years now, we might as well try to burn China along the way too"
Unfortunately that strategy seems to be built on the assumption that Chinese people are all stupid and can't read the same science/tech journals we do. Some kind of believing our own bullshit about "innovation" problem.
(Score: 2) by JoeMerchant on Sunday May 07, @12:02PM
>Some kind of believing our own bullshit about "innovation" problem.
That's how the isolationist policies are being sold politically, IMO.
I think the actual motivations behind the policies are somewhat smaller minded, as in: my buddy here can make a pile of cash if we do this, and who cares about anything but that?
Україна досі не є частиною Росії Слава Україні🌻 https://news.stanford.edu/2023/02/17/will-russia-ukraine-war-end