The premise that it was intended to kill Chinese chipmakers is, if not outright wrong, exaggerated.
The connection to the recent stock dip of nVidia and friends seems dubious. Trying to interpret the stock market when there is no major news story is basically reading tea leaves. Most seem to credit cooling off of AI hype.
They nuked ZTE and Huawei back in 2018 so that they couldn't compete with Western high-tech firms.
Then banned ASML tech and such like so that Chinese chip-makers couldn't step in to help. That's not exaggeration, that's official US foreign policy.
Urging companies to de-risk. The CHIPS act to onshore semiconductor tech is another prong in an attack on who? Not on Europe, not on Taiwan … on China of course.
I agree with the video that stock market is waking up to the back-firing. Same back-firing as Western sanctions on Russia over Ukraine.
Gross under-estimation and rank Western hubris in both cases.
The CHIPS act isn’t an attack on anybody. It’s a recognition that it’s ridiculous for the. US to depend on a foreign country for a fundamental product on which every individual, every household, every business, every government and the entire military is dependent on.
And as a side benefit it’s also good old fashioned industrial policy.
> The premise that it was intended to kill Chinese chipmakers is, if not outright wrong, exaggerated
> The connection to the recent stock dip of nVidia and friends seems dubious. Trying to interpret the stock market when there is no major news story is basically reading tea leaves
Why would the motivation for the chip ban be in question because of dubious stock market readings _after_ the fact? The effectiveness (or lack of it) doesn't retroactively change the initial intent.
I'm not saying you're wrong about the motive being misrepresented, but it seems like a strong claim that could use some more explanation.
The connection to the recent stock dip of nVidia and friends seems dubious. Trying to interpret the stock market when there is no major news story is basically reading tea leaves. Most seem to credit cooling off of AI hype.