China's top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei 'breakthrough' | CNN Business
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Shares in SMIC, China’s largest contract chipmaker, plunged on Thursday, after two US congressmen called on the White House to further restrict export sales to the company.

China’s top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei ‘breakthrough’::Shares in SMIC, China’s largest contract chipmaker, plunged on Thursday, after two US congressmen called on the White House to further restrict export sales to the company.

  • umbrellaEnglish
    4·
    1 year ago

    Thats ironic as fuck. Because nowadays chinese citizens have healthcare and north americans dont

    Apparently, if what you say is true, all paid for by working class north americans

    • freagle@lemmygrad.mlEnglish
      11·
      1 year ago

      I mean, it’s not even a question. It’s pretty openly deliberate strategy from China based entirely on their open theoretical analysis and public 5-year plans. They knew the owning class was incentivized by profits and that the ideological conditions in the West after the decline of the USSR created a blindspots. So China created the conditions for foreign investment but was super open about intellectual property, government oversight and intervention, etc. The white billionaires saw the profit potential and went for it. It was the first time in history that the West voluntarily deindustrialized itself whole hog in favor of developing a subordinate country. Sure, in the past the West moves the most toxic industries to colonies and such, but that was all the evidence China needed that the trend could be expanded.

      They sold the capitalists the rope they’d be hung with, and the capitalists are still hoping they sell that rope for a profit.

    • FaeDrifter@midwest.socialEnglish
      22·
      1 year ago

      The US healthcare system is poor, especially considering the considerable wealth of the US. But 91.7% of Americans have healthcare, and Canada and Mexico both have socialized healthcare.

      So when you say, “north americans dont (have healthcare)”, you’re guzzling the saddest lowest IQ attempt at propaganda I’ve ever seen.

      https://www.businessinsider.com/companies-brands-china-supply-chains-illegal-forced-labor-2022-12

      Western capitalists getting rich off CCP forced labor.