China bans Micron’s products from key infrastructure
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 22 May 2023
⏱️ 12 minutes
🧾️ Download transcript
Summary
Florida governor Ron DeSantis is expected to launch his campaign for US president this week, China has banned operators of key infrastructure from buying chips from US chipmaker Micron Technology, and Morgan Stanley is searching for a new CEO after James Gorman announced that he’s stepping down. Plus, the FT’s Sylvia Pfeifer explains how the war in Ukraine has put a spotlight on tech-led defence companies.
Mentioned in this podcast:
Ron DeSantis struggles for lift-off as campaign launch nears
China bans Micron’s products from key infrastructure over security risk
Morgan Stanley chief James Gorman to step down within a year
Ukraine war puts spotlight on tech-led defence companies
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:09.7 | Good morning from the Financial Times. Today is Monday, May 22. |
| 0:13.2 | And this is your FT News Briefing. |
| 0:19.1 | China has banned a top US chipmaker from key markets. |
| 0:23.0 | Tech upstarts are taking on the titans of the defence industry. |
| 0:26.8 | They have shorter supply chains, you know, less bureaucracy. |
| 0:31.4 | They have people working for them that have a bit of a sort of startup like mentality. |
| 0:37.8 | And we'll talk about Morgan Stanley's outgoing CEO. |
| 0:41.4 | But first, a little US politics. |
| 0:44.4 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:56.8 | This week, Florida Governor Ron DeSantis is expected to file paperwork to run for president. |
| 1:01.8 | DeSantis is a rising star in the Republican Party. |
| 1:04.8 | He's also seen as the top challenger to former president Donald Trump. |
| 1:08.8 | But DeSantis has fallen behind Trump in opinion polls. |
| 1:12.3 | Trump now has more than 56% of the Republican electorate. |
| 1:16.0 | DeSantis trails with not quite 20%. |
| 1:18.9 | DeSantis is also facing pushback from some wealthy donors like Kangriffin, |
| 1:23.0 | the founder of the hedge fund Citadel. |
| 1:25.1 | He's among the donors who don't like DeSantis's increasingly conservative moves |
| 1:29.3 | on social and cultural issues like abortion. |
| 1:31.9 | And they're putting their checks on hold. |
... |
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