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US Bans Exports To Chinese DRAM Maker Citing National Security Risk (zdnet.com)
An anonymous reader quotes a report from ZDNet: The Trump administration on Monday announced it was banning U.S. exports to a Chinese semiconductor firm named Fujian Jinhua Integrated Circuit Company, citing national security concerns. In a statement released by the U.S. Department of Commerce (DoC), officials said the Chinese chipmaker posed "a significant risk of being or becoming involved, in activities contrary to the national security or foreign policy interests of the United States." DoC officials are now barring US companies from selling any products to Fujian Jinhua, which was recently nearing completion of a new dynamic random access memory (DRAM) factory project. "When a foreign company engages in activity contrary to our national security interests, we will take strong action to protect our national security. Placing Jinhua on the Entity List will limit its ability to threaten the supply chain for essential components in our military systems," said Wilbur Ross, Secretary of Commerce.
Ever since Trump declared Canada to be a threat to national security, it's really hard to take these declarations seriously.
I wonder what deal is he trying to wrangle from the company. Maybe he needs more investments in his golf courses and hotels.
So will China
China are clearly IP thieves, have been for some while, and are working against the west with no idea or desire of how to play fair. There is no international law in place of preventing this either, and at this point, it's unlikely there will be either. This is pretty much immutable at this point. So what are your plans for stopping this? No, I'm not an American (thank fuck, thanks for ruining it for the rest of us), and find Trump abhorrent in general, but I do find this his 'even a stopped clock is right once a day' moment.
China is a communist country first and foremost. Youâ(TM)re forgetting this in most of your arguments.
Chinaâ(TM)s government manipulates the international markets to enable them to eventually collapse the whole thing. If China is able to manufacture and produce everything needed without concern for money, they can effectively cut off the rest of the world. They have taken over market segment by market segment and made it so nearly everything from tooth brushes to airplanes cannot be manufactured without them providing at least some of the critical components. Go ahead and try to build an F-35 without buying epoxy for circuit boards from China. Try to run the oil economy without components from China.
Within 5-10 years, China will be the only self sufficient industrialized nation in the world. They actively collect recyclable waste from every country in the world. As such, they have some of the richest stockpiles of natural resources anywhere and in quantity. Hell, they practically own the entire rare earth minerals market.
By pumping Chinese money enmass into the western economies, they provide greater means for Westerners to depend more on China for bare survival. Letâ(TM)s be honest, why horde the money if you can use it to devalue the currency internationally as well as cause devestating international inflation.
Within 5-10 years, China should be able to implement a token or credit based national income with no dependence outside of China. They can financially seal their borders and deny necessities of life to any country that refuses to either become part of China or that impedes their interests in taking over Taiwan, Singapore, Malaysia, etc...
Why do people constantly forget that the agenda of China is not capitalism. Itâ(TM)s communism. Watch pretty much every governmental program in China and ask yourself âoeHow can this help further the communist interest?â