China Just BANNED Export Of Chip Materials, US In Panic | Ignites Shockwaves Across Global Markets

China Just BANNED Export Of Chip Materials, US In Panic | Ignites Shockwaves Across Global Markets #chip #semiconductor #crisis China has imposed new limits on the export of two minerals that the United States deems crucial for making semiconductors, missile systems, and solar cells. This move is a bold demonstration of power just before economic discussions between these two competing nations. Who are increasingly shaping trade regulations to gain technological supremacy. These two minerals, gallium, and germanium, along with over three dozen related metals and materials, will now be subject to unspecified export restrictions starting on August 1st. As announced by Beijing’s Ministry of Commerce on Monday. The official statement cites the need to protect national security and interests. It also mentions that some future export requests will undergo scrutiny by the highest government authority, the State Council. In the ongoing rivalry between China and the United States, we’re witnessing a growing trend of custom export restrictions aimed at slowing down each other’s advanced technology industries. If You Like This Video; Like, Share, Comment And Subscribe. This Means A Lot To Us! Thanks For watching Our Video; China Just BANNED Export Of Chip Materials, US In Panic | Ignites Shockwaves Across Global Markets The U.S. Commerce Department, for now, remains tight-lipped, keeping us all in suspense. Flashback to last October when the U.S. played hardball, slamming the brakes on exports to China of vital equipment needed for those fancy, advanced semiconductors. They even tapped allies like South Korea and the Netherlands on the shoulder, saying they should join each other. Beijing, on the other hand, put on its serious face and told its own companies, “Think twice about exporting stuff to the U.S.“ They went as far as giving Micron, America’s big shot in the memory-chip world, the cold shoulder for use in their critical information infrastructure. Plus, they sent a memo to America’s friends, warning them not to fall for what they called Washington’s “Cold War protectionism.“ Now, the U.S. and China are kind of like frenemies in the semiconductor production world. They’re locked in a complex dance where making any sudden moves could lead to a tech showdown that benefits no one. On one side, the Biden administration is rolling out the red carpet, trying to woo big players like Samsung and Taiwan Semiconductor Manufacturing Co. to set up shop in the U.S. They’re not just inviting these tech giants for tea; they’re going all out, sweetening the deal to make America their new tech home. But, as you’ll see, getting these global tech titans to turn their backs on China? Well, that’s a challenge that might just redefine the tech industry’s future. The recent restrictions on gallium and germanium are like a plot twist in a high-stakes tech thriller, where China is strategically gaining the upper hand. These specialty metals might not be the rockstars of the trading world, but they play lead roles in specific industries, particularly in the production of semiconductors. And guess what? These semiconductors, often designed in the U.S. but made elsewhere, power everything from our trusty phone chargers to the brains of electric vehicles. Alastair Neill, the seasoned board member of the Critical Mineral Institute, puts it bluntly. These restrictions are like tossing a pebble into a still pond, creating immediate ripples in the semiconductor industry. Especially for those high-performance chips that tech enthusiasts drool over. China hasn’t been thrilled with the U.S. trying to put speed bumps in its fast lane to semiconductor domination. The U.S. argues that China’s tech advancement is just a smokescreen for building a mighty military. It’s been playing hardball, making it tough for China to acquire the fancy lithography machines needed for those top-notch chips. Just last week, the Dutch government jumped on the bandwagon, saying that they need permission to ship certain tech goodies abroad. As Alastair Neill puts it, “You don’t send us high-end chips, we won’t send you the secret sauce for those chips.“ China’s playbook usually involves matching U.S. trade moves with equal to the U.S. Geological Survey, gallium and germanium might not sound like superheroes, but they’re on the “critical“ list. These minerals are like the secret agents of high-tech industries, essential for national security and vulnerable to supply chain disruptions. Let’s meet gallium, the soft, silverish metal. It’s the unsung hero in a new class of semiconductors that power up your phone charger and electric rides, not to mention a slew of commercial and military gadgets. More Details In The Video