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.

  • ram@lemmy.ca
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    1 year ago

    Ultimately though, does this matter? The smartphone userbase in China and India are a combined 6 times the size of the USA’s and are growing. Furthermore, the USA imports most of their tech from China, while China keeps their wealth largely internal. Even if the USA were to completely cutoff trade with China, it’s not like China’s doing nearly as much importing of manufactured goods, especially in the low-end, and it’s not as though China would be at a loss for trade partners even if every US ally followed suit.

    Cutting off trade to China, at least by what I can tell, would hurt the USA far more than China, or am I wrong?