this post was submitted on 09 Sep 2023
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166
China’s top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei ‘breakthrough’ (www.cnn.com)
submitted 1 year ago by [email protected] to c/[email protected]
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China’s top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei ‘breakthrough’::Shares in SMIC, China’s largest contract chipmaker, plunged on Thursday, after two US congressmen called on the White House to further restrict export sales to the company.

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[–] [email protected] 6 points 1 year ago (1 children)

US crying and shitting its pants over the mere possibility of losing its top spot in the global market. I look forward to cheap computer parts. I thought the free market was a good thing. Only good when it screws over labor, huh?

[–] [email protected] 14 points 1 year ago (2 children)

So China does not allow American companies in china nor do they allow most imports. Then they steal any ip they can get ahold of. Then you complain about the free market in a totalitarian state? Yeah, nah.

[–] [email protected] 4 points 1 year ago

If companies were so afraid of having their IP stolen, why were they tripping over themselves to work with a totalitarian state? Imaginary Property theft is rampant in all developing countries and that includes the US when it was still developing.

[–] [email protected] -1 points 1 year ago

They stopped American companies in response to the same American action.