2025-04-10
This time our Tariff Chart update was accurate for 40 minutes before the President changed US tariffs again. [image]
CNBC
President Trump pauses tariffs on most countries for 90 days, setting a 10% “lowered Reciprocal Tariff”, and sets 125% tariffs on China “effective immediately”
- President Donald Trump announced a 90-day pause on the full effect of his new tariffs for at least some countries.
2023-08-16
Taiwan's Foxconn has renewed its investment expansion into India, where it first invested 15 years ago, but where it still employs only 50,000 of its 1mn global workforce. by @KathrinHille & @JohnReedwrites https://www.ft.com/...
Bloomberg
Sources: Foxconn's Tamil Nadu plant in India plans to deliver new iPhone 15s only weeks after Chinese factories; previously, output lagged China by 6-9 months
- Apple is diversifying iPhone supply chain away from China — India's push to become a manufacturing hub is bearing fruit
Taiwan's Foxconn has renewed its investment expansion into India, where it first invested 15 years ago, but where it still employs only 50,000 of its 1mn global workforce. by @KathrinHille & @JohnReedwrites https://www.ft.com/...
Financial Times
Internal documents: India accounts for $10B of Foxconn's annual revenue, or 4.6% of its 2022 revenue, as its India push shows the limits of “China plus one”
Financial Times : X: @birdyword , @financialtimes , @rmantri , @sushantsin , @pstasiatech , @chadbown , and @conradkbarwa X: Mike Bird / @birdyword : “Liu has said China accounts ...
2023-07-17
Almost 10% of roughly 500 European companies surveyed this spring by EU Chamber of Commerce in China said they were completely decoupling their China IT systems. Three-quarters said they had localised their IT systems and data storage to some degree. https://www.ft.com/...
Financial Times
Sources: US consulting firms like McKinsey and BCG split their IT systems to decouple China data, as Beijing expands anti-espionage rules and data regulation
2023-03-31
Japanese officials said the scope of restrictions went further than those imposed last year by the US. Toolmakers would need licence to export to *all* regions that could, in theory, produce high-end chips for military use. by @urbandirt & @KanaInagaki https://www.ft.com/...
Reuters
Japan plans to restrict exports of 23 types of chip manufacturing equipment starting July 2023, amid the US push to curb China's ability to make advanced chips
Japan's government on Friday said it plans to restrict exports of 23 types of semiconductor manufacturing equipment …
YMTC, China's leading memory-chip maker, has been testing locally-made tools and is reportedly confident enough to rely more on domestic suppliers for replacements. Its new plant is now expected to be online in the second half of 2024. by @QianerLiu https://www.ft.com/...
Financial Times
Sources: YMTC expects to begin production at a new chip plant in H2 2024 by relying more on domestic suppliers, boosting China's self-sufficiency efforts
Memory-chip maker to rely on local equipment suppliers for 2024 manufacturing plans — Yangtze Memory Technologies Corp … Tweets: @chadbown Tweets: Chad P. Bown / @chadbown : YMTC...
2023-02-14
Apple's experience in recent months has demonstrated the scale of the work to be done in India. Deep dive, by @PatrickMcGee_ & @JohnReedwrites https://www.ft.com/...
Financial Times
Sources: Apple's India expansion has been slow due to logistics, tariffs, infrastructure, suppliers and officials lacking a “sense of urgency”, and other issues
Apple is hitting stumbling blocks in its effort to increase production in India, as the US tech giant faces pressure to cut its manufacturing reliance on China.
2023-01-28
Maybe there will never be a (very) public announcement from the Netherlands, with a lot of fanfare, about what it is doing with regards to coordinating export controls for semiconductor equipment sales to China. Some similarities to COCOM... https://twitter.com/... https://twitter.com/...
Bloomberg
Sources: the Biden administration has secured an agreement with the Netherlands and Japan to restrict exports of some advanced chipmaking machinery to China
President Joe Biden's administration secured an agreement with the Netherlands and Japan to restrict exports of some advanced chipmaking machinery …
2022-12-15
US officially shifts YMTC and other Chinese companies to its Entity List, furthering export control efforts to slow China's development of advanced chips and technologies for military uses such as hypersonic weapons. by @Dimi,@KathrinHille & @QianerLiu https://www.ft.com/...
Financial Times
The US Commerce Department puts 36 Chinese companies on its entity list, including chipmaker Yangtze Memory Technologies and AI chipmaker Cambricon
Financial Times :
2022-12-14
Alibaba, the Chinese tech giant, reportedly cannot buy some of the most advanced chip designs after British firm Arm determined that the US and UK would not approve licences to export the technology to China. by @QianerLiu, @AnnaSophieGross & @Dimi https://www.ft.com/...
Financial Times
Sources: Alibaba will not be able to buy Arm's high-performance Neoverse V chips, after Arm concludes that the US and UK would not approve its export to China
Alibaba among groups unable to purchase top designs — Alibaba, the Chinese tech giant, cannot buy some of the most advanced chip designs …
2022-12-07
NEWS (mildly positive): Biden official Alan Estevez says MOFCOM more receptive to US officials conducting end-use checks to ensure US technology was not being diverted for unauthorised activity such as the manufacture of weapons. by @Dimi & @QianerLiu https://www.ft.com/...
Financial Times
The White House says Beijing relented and let US officials inspect YMTC and 30 other Chinese tech companies that were facing “entity list” sanctions this week
Financial Times :
NEWS (mildly positive): Biden official Alan Estevez says MOFCOM more receptive to US officials conducting end-use checks to ensure US technology was not being diverted for unauthorised activity such as the manufacture of weapons. by @Dimi & @QianerLiu https://www.ft.com/...
Reuters
US senators scale back a measure that would have prohibited the government and its contractors from using some China-made chips after pressure from trade groups
U.S. senators scaled back a proposal that placed new curbs on the use of Chinese-made chips by the U.S. government and its contractors … Tweets: @robertcobrien , @davidshepardson ,...
2022-10-24
China's leading memory chipmaker, Yangtze Memory Technologies Corp, has asked American employees in core tech positions to leave, as it rushes to comply with new US export controls that are disrupting the Chinese semiconductor industry. https://www.ft.com/...
Financial Times
A look at the long-term impact on TSMC's business as the US seeks to reduce its dependency on Taiwanese chips and cut China off from key semiconductor supplies
Washington wants the company that dominates semiconductors to move more production to the US but Taipei is resisting
2022-10-14
Lam Research, Applied Materials and KLA have all taken immediate measures to comply with the new rules. ASML has also told its US staff to stop serving all Chinese customers while it assesses the sanctions. by @YuanfenYang, @qianerliu & @KathrinHille https://www.ft.com/...
New York Times
Sources: Biden's crackdown on Chinese tech exports was driven by fears of China using supercomputers and AI to develop weapons and crack US encrypted messaging
2022-10-01
Industrial policy coordination: Micron deal followed months of US-Japan negotiations to expand cooperation in semiconductor production. Micron to use the Japanese subsidy to develop new DRAM chips at its plant in Hiroshima. by @KanaInagaki & @urbandirt https://www.ft.com/...
Associated Press
Japan says it will provide Micron a subsidy of up to ~$322M to help the company produce advanced memory chips at a Hiroshima factory
Mari Yamaguchi / Associated Press :
2022-09-27
“Korean companies have received relatively smaller tax benefits from the government and suffered from a lack of talent compared with China, the US and Taiwan, so we addressed the problems with the legislation.” https://www.ft.com/...
Financial Times
South Korea's science minister says a “sense of crisis” grips the chip industry, as the country passed legislation in August to boost its global competitiveness
Financial Times :
2022-09-05
Modi puts $10bn of incentives on the table to tempt manufacturers to set up new fabs. A push into microchips, which demands some of the most exacting factory conditions of any in manufacturing, would mark a MAJOR shift for India. by @JohnReedwrites https://www.ft.com/...
Financial Times
A look at India's $10B incentive scheme for chip makers, as some experts warn about its lack of hardware expertise and erratic transport and public utilities
John Reed / Financial Times :
2022-08-10
Foxconn is the world's largest contract electronics manufacturer and the biggest private employer in China. Deal had made it the second-largest shareholder in Tsinghua but put it at the centre of Beijing's tech competition with the west. By @KathrinHille https://www.ft.com/...
Financial Times
Sources: Taiwan's national security officials want Foxconn to unwind its $800M stake in Chinese chip company Tsinghua Unigroup, which was announced in July 2022
Kathrin Hille / Financial Times :
2022-02-27
TSMC says it is fully committed to complying with new export controls after Taiwan's government said it would join global sanctions on Russia over Ukraine. (TSMC is the world's largest semiconductor manufacturer and dominates leading edge technologies.) https://www.reuters.com/...
Axios
The US, EU, UK, and Canada agree to cut off a “certain number of Russian banks” from the SWIFT international payments system
The European Union, U.S. and other Western nations on Saturday announced they would cut off a “certain number of Russian banks” from the SWIFT international …
TSMC says it is fully committed to complying with new export controls after Taiwan's government said it would join global sanctions on Russia over Ukraine. (TSMC is the world's largest semiconductor manufacturer and dominates leading edge technologies.) https://www.reuters.com/...
NBC News
Experts say Russia may not be able to sidestep sanctions using cryptocurrencies, which have become a regulated business with safeguards against money laundering
David Ingram / NBC News :