Why the US cut China off from advanced chips

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 19 October 2022

⏱️ 10 minutes

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Summary

A week before the Communist Party of China's 20th congress kicked off, the US government announced comprehensive new rules blocking China's access to advanced semiconductor chips. It's a sign the Biden Administration can't disentangle security concerns from trade with China.

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Transcript

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0:00.0	The main news coming out of China over the last week has been the Communist Party of
0:17.8	China's 20th conference, where President Xi Jinping is likely to secure his third term.
0:26.2	Behind the scenes, something else has been happening, something huge.
0:31.1	On October 7th, the US announced sweeping export controls on advanced semiconductor
0:36.1	chip technology to China.
0:38.0	You know, those chips used in supercomputers and even in some self-driving cars.
0:42.6	Greg Allen is a technology and security expert.
0:45.5	This policy overturns 20 plus years of US trade policy and national security policy
0:53.2	towards China.
0:54.2	It's an incredibly big deal.
0:58.3	This is the indicator from Planet Money, I'm Weyland Wong.
1:00.8	And I'm Darien Woods.
1:01.8	Today on the show, a tiktonic shift as the US bands advance semiconductor chips for China.
1:08.6	We break down why these chips matter, what the bands entail, how we got here, and what
1:14.2	this means for China, the US and the world.
1:20.6	The show is supported by NPR Sponsor Burrow, the furniture company that's reinventing everything
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1:31.3	Take $75 off your order today at burrow.com slash indicator.
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	...

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