Peak China. Trump led the way with his China tariffs. Biden following along.
“The Biden administration is nearing completion of an executive order that would restrict investments by US companies in parts of the Chinese economy, including advanced technologies that could enhance China’s military and intelligence capabilities, people familiar with the matter said.”
“South Korea to Surpass China in Chip Machine Spending Next Year”
• US pressure weighs on China’s ability to buy key equipment
• Semiconductor supply chains are realigning along security ties
“South Korea is forecast to overtake China in spending on advanced chipmaking equipment next year in a sign of US export controls reshaping global supply chains for semiconductors.”