“The Biden administration last week laid out new rules on chip exports based on US concerns that China will use AI to improve military capabilities, support surveillance for human rights abuses and ‘disrupt or manufacture outcomes that undermine democratic governance and sow social unrest,’ according to Assistant Secretary of Commerce for Export Administration Thea D. Rozman Kendler.

‘To put it simply, Biden has forced all Americans working in China to pick between quitting their jobs and losing American citizenship…’

This is what annihilation looks like: China‚Äôs semiconductor manufacturing industry was reduced to zero overnight. Complete collapse. No chance of survival.”

Analyst Comment: The bigger implication here is by disrupting chip manufacturing in China, the nation will either have to work to rebuild that manufacturing sector or take Taiwan, the largest microchip manufacturer in the world. I suspect that’s why Biden launched these sanctions: His admin wants a war with China.