Has Joe Biden given China’s semiconductor industry a fatal blow? Reposting a thread by abhishek @abhishek_tri

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abhishek @abhishek_tri

What happened in China yesterday is massive. I haven’t seen anything as big in my lifetime. Basically Biden said to American engineers working in China in the semiconductor to either resign or be ready to lose their American citizenship. Everyone resigned. Industry collapsed.

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What happened in China yesterday is massive. I haven’t seen anything as big in my lifetime. Basically Biden said to American engineers working in China in the semiconductor to either resign or be ready to lose their American citizenship. Everyone resigned. Industry collapsed

ASML, one of the world’s most important semiconductor toolmakers, told U.S. employees to stop servicing Chinese customers, as Washington’s latest export restrictions begin to hit the global chip industry

China’s top memory chip maker Yangtze Memory Technologies Corp (YMTC) is wooing local talent by offering generous salary packages to new graduates as it grapples with the impact of the latest US export controls

ASML which has a global monopoly in the supply of extreme ultraviolet (EUV) lithography systems and Lam Research rush to pull US engineers out of China chip operations as fresh US restrictions kick in

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