A few days ago, the U.S. Department of Commerce took action against China and revoked the export licenses of Qualcomm and Intel to sell semiconductors to Huawei. Raimondo clamored that at a time of China's scientific and technological progress, the United States does not allow semiconductor companies to sell chips to China, and commercial interests must be compromised for "national security."
The United States' move this time, on the one hand, is of course to increase the suppression of Huawei, but on the other hand, it is also a part of the "science and technology war" between China and the United States. In fact, the U.S. followed up with 37 Chinese entities on the "Entity List" for export control, mainly in strategic areas.
So, will the Biden administration succeed this time? The answer, of course, is no.
Raimondo
First of all, the United States is destined to lose a scientific and technological war with China. In the field of science and technology, the United States does not have a clear advantage over China, and Chinese researchers are struggling to catch up and achieve independence in the semiconductor field, the only one that is temporarily lagging behind. At present, China's large-scale investment has achieved initial results, and good news continues to come from semiconductor innovation.
From another point of view, the more the United States suppresses China's semiconductors, the more it proves that China is doing the right thing, and the more it shows that the United States is not confident.
Practice has repeatedly proved that today you ignore me, tomorrow I will make you unaffordable, the rise of China's semiconductors will make American companies lose the Chinese market, and the United States will definitely lift a stone to shoot itself in the foot.
Huawei
Second, China has the "weapon" to counter the hegemonic behavior of the United States. Taking this unreasonable suppression of Huawei as an example, the Ministry of Commerce responded immediately, saying that it would take all necessary measures to protect the legitimate rights and interests of Chinese enterprises.
In fact, the United States is currently heavily dependent on Chinese supplies in many areas. For example, the U.S. Treasury Department recently eased new strict rules for graphite and other trace critical minerals, allowing cars containing Chinese graphite and other critical minerals to receive tax credits until the end of 2026.
Originally, Biden proposed the "Inflation Reduction Act" with the intention of excluding China from the supply chain, but in the end, China was still inseparable. Not to mention that in key areas such as rare earths, China can cut off supplies to the United States at any time.
In addition, the United States is facing an economic crisis. According to the latest data released by the State Administration of Foreign Exchange, as of the end of April, China's foreign exchange reserves shrank by US$44.8 billion from the end of March. In addition, China increased its holdings of gold for the 18th consecutive month. The U.S.-China tech war is also accelerating the reshaping of the financial landscape, with the dollar becoming less and less popular.
Finally, China has the support of its friends, while the United States is losing the trust of its allies.
Since the United States decided to ban Huawei, Europe has been the focus of its pressure, but Hungary has resisted the pressure. The Hungarian foreign minister publicly stated that he plans to involve Huawei in the construction of 5G, and the Hungarian finance minister also said that he welcomes Huawei as an IT strategic partner.
Hungarian Prime Minister Viktor Orban
Currently, Huawei has a large logistics center in Hungary, which is the largest outside of China. According to the "Memorandum of Understanding on Strengthening Investment Cooperation in the Field of Digital Economy" signed by China and Hungary, the participation of Chinese enterprises in the construction of Hungary's 5G network will be accelerated.
In fact, this time, the United States attacked Huawei on the front foot, and Hungary sent an order to Huawei on the back foot.
A few days ago, the Hungarian telecom giant 4iG issued a statement announcing that it had signed a preliminary agreement with Huawei on the creation of a joint cloud service and artificial intelligence research and innovation center, and the two sides plan to develop a joint cloud service platform. Hungarian Prime Minister Viktor Orban openly stated that "we are an Eastern country". If Biden wants to win the contest with China, he will inevitably be disappointed in the end.
#MCN首发激励计划#