#PRC: Chip wars and discontents. Emily de la Bruyere, FDD, Horizon Advisory.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 25 May 2023
⏱️ 10 minutes
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#PRC: Chip wars and discontents. Emily de la Bruyere, FDD, Horizon Advisory.
https://www.msn.com/en-us/money/markets/there-is-no-other-china-there-is-only-one-china-nvidia-ceo-warns-of-enormous-damage-if-china-chip-war-escalates/ar-AA1bCNB6
Transcript
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| 0:00.0 | S.O. wants to help you use your car a little less by hopping on your bike a little more, |
| 0:04.5 | especially for those shorter trips, like the popping out for a pint of milk trip, |
| 0:09.8 | or the off-to-pick up the kids' trip, or even the Friday night chippy trip. |
| 0:16.0 | And to make the swap easier, every day S.O. is giving away an e-bike and 10,000 |
| 0:20.5 | nectar points that you could spend on cycling gear. Could you do a journey differently? |
| 0:24.9 | Search S.O. Thoughtful Driving to find out more. See terms and conditions at sso.co.uk. |
| 0:54.9 | The Chinese government's announced action against micron is not based in fact and is a troubling |
| 1:01.3 | use of economic coercion against the U.S. I welcome from the Foundation for the Defense of Democracy, |
| 1:08.4 | Emily Delabriaire, who is also co-founder of Horizon Advisory. Emily, it's a puzzle to me. |
| 1:15.5 | Micron is part of the chips market that has transformed the earth, but it's not a major part. |
| 1:22.8 | It does very good work and the state of Idaho depends upon its prosperity. |
| 1:28.4 | So why micron and why now? How does this help China? Good evening and thank you for having me. |
| 1:36.4 | A couple points that I think help to explain China's move and also the implications of it. |
| 1:42.4 | First of all, Beijing's move against micron underscores that China is going to escalate |
| 1:49.8 | in the U.S.-China industrial and technological competition. Beijing is not going to try to let |
| 1:55.1 | recent U.S. actions to compete with China for chips and for other industrial capacity. |
| 2:00.8 | Beijing is not going to let these blow over. Rather, Beijing is going to try to escalate now and |
| 2:07.2 | assert its dominance now. Lightly in the hope that this makes the U.S. back down. |
| 2:13.9 | Second be, China is going to do this by putting pressure on U.S. companies and on the ecosystems |
| 2:20.3 | that depend on those U.S. companies. Micron is a crown jewel in the U.S.-Mine connector ecosystem. |
| 2:28.8 | However, even the most advanced and most competent U.S. companies depend on China for their inputs |
| 2:35.0 | and for their sales. They sell into China. And so with a crackdown like this, Beijing can make |
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