The pain in the sector comes as President Joe Biden’s administration is reportedly considering even tighter restriction on China’s access to high-tech US chip products.
According to Bloomberg, the administration is weighing the use of a rule that allows controls on foreign products that use any American-made tech. It would target companies like TSMC and ASML — both of which are crucial machinery producers for China’s own chipmaking business.
The control of intangibles by a small number of mega companies could well be weakening the ability to find new ideas and develop them. Monopolies on intellectual property is not only damaging for the economy, […]
It’s a model that repeats itself in the Eastern EU nations: Corrupt governments, providing tax-attractive investment for Western European companies (Slovakia is one enormous German car factory), banks, retailers, etc., sending cheap labour to the […]
Further bad news from the front as Ukrainian forces are crumbling. The much touted ammunition for the West is not even making it to the front. The Kyiv Independent is a Ukrainian government loyal newspaper: […]
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