<div class="at-above-post addthis tool" data-url="https://www.metro.us/exclusive-amid-shortage-u-s/"></div>(Reuters) – The U.S. government has been slow to approve licenses for American companies like Lam Research Corp and Applied Materials Inc to sell chipmaking equipment to China semiconductor giant SMIC, sources said, as the impact of a global chip shortage spreads. Many licenses for U.S. suppliers to ship an estimated $5 billion dollars’ worth […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/exclusive-amid-shortage-u-s/"><
The U.S. government has been slow to approve licenses for American companies like Lam Research and Applied Materials to sell chipmaking equipment to China…
Xi mobilizes China for tech revolution to cut dependence on the West
The refocusing on technology development comes at a time when the efficiency of China’s
economic model is waning, and one researcher said it is a defensive move
Bloomberg
For US politicians, China’s potential to dominate sensitive cutting-edge technologies poses one of the biggest geopolitical threats of the next few decades.
Chinese President Xi Jinping (習近平) is similarly worried that the US would block China’s rise, and this week, he is expected to unveil plans for greater self-sufficiency.
At an annual session of the Chinese National People’s Congress, top Chinese Communist Party (CCP) leaders are expected to approve a five-year policy blueprint to cut dependence on the West for crucial components like computer chips, while also making big bets on emerging technologies from hydrogen vehicles to biotechnology.
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