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I have a hard time believing the extremely competitive Chinese engineers can be forced out of the semiconductor market by a US embargo. It will not happen. The US should think instead about staying competitive themselves rather than trying to cripple their competitors.
Biden's trade policy incentivizes China to develop their own semi tools and penalizes US semi billions of dollars of lost revenue. A rational trade policy does just the opposite. It incentivizes US semi. The Trump approach to China trade was tariffs on China semi. Notice who is penalized by this...
US semi and corporations must out smart and out engineer its competition in order to remain leaders. US politicians should not give the impression that they can change that simple fact by fiat. The time is for the US to look at itself rather than demonize someone else.
Yes, but the application of it, which is the hard part, is the Biden administration's responsibility for success or failure. My guess is that it will fail.
The US should worry more about its own competance. Semiconductor knowledge will continue to ramp world wide regardless of attempted emabargos. Stay on the curve or become incompetent.