https://www.reuters.com/technology/us-aims-hobble-chinas-chip-industry-with-sweeping-new-export-rules-2022-10-07/

and

https://twitter.com/jordanschnyc/status/1580889341265469440

Salient points;

"Lots of people don’t know what happened yesterday.

To put it simply, Biden has forced all Americans working in
China to pick between quitting their jobs and losing American
citizenship.

The US government's new export controls are wreaking havoc on
China's chip industry.

New rules around "US persons" are driving an "industry-wide
decapitation."

Every American executive and engineer working in China’s
semiconductor manufacturing industry resigned yesterday,
paralyzing Chinese manufacturing overnight.

One round of sanctions from Biden did more damage than all
four years of performative sanctioning under Trump.

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.

Well worth reading Jordan's entire thread on this topic on Twitter.

But first, for context, watch this;

https://zeihan.com/china-and-semiconductors/

Old Chinese proverb; May you live in interesting times!

I think China made a *huge mistake* when it did that little blockade
bluff and bluster bullshit on Taiwan after Pelosi's visit. That, more
than anything else, really stirred the US up. Expect more crap for China
soon.

US made Teslas may be your *only choice* in the very near future. ;-)

--
Xeno

Nothing astonishes Noddy so much as common sense and plain dealing.
(with apologies to Ralph Waldo Emerson)