Arthur Hanson
Well-known member
Jinhua has been banned from importing the US equipment needed to make memory chips and stands accused of stealing memory technology from Micron, who itself was accused by a Chinese court of stealing technology from the Chinese which it itself had developed. The theft of IP and copyrighted material has been estimated at between 200 and 600 billion a year by the Chinese. When you figure a multiplier effect of IP on business is between seven amd thirty, this is a staggering amount of business that has been hurt. I hope both sides as the world's leading economies can come together and develop a fair and transparent world wide IP laws and international court/enforcement arm that is truly international and not beholding to any single country. If countries could actually learn to work together, all progress would speed up dramatically. Sadly this is but a dream with the world leadership we have now. They can't get it through their heads that cooperation is far, far better than conflict and could speed up progress and living standards for everyone while improving the environment. With more intelligent people everywhere and technological tools and communications of all types, more and faster progress is possible now than ever before by several factors. Some politicians just don't know how to construct a win/win game. Dictatorships will never advance as far and broadly as a free society.
UPDATE: This has already had an almost immediate effect on Micron stock which suffered an almost 50% drop from the damage inflicted and has risen 4% so far today. Unfair competition and IP theft does do severe damage and could do the same to our entire economy and others if not stopped. So far China has refused even the slightest overtures, with no sign of stopping such behavior, for in the future they need protection as much as anyone else as I have heard from people with in person and direct experience they steal from each other just as much, discouraging home grown innovation.
Microchips are key to understanding Trump’s trade war with China - MIT Technology Review
UPDATE: This has already had an almost immediate effect on Micron stock which suffered an almost 50% drop from the damage inflicted and has risen 4% so far today. Unfair competition and IP theft does do severe damage and could do the same to our entire economy and others if not stopped. So far China has refused even the slightest overtures, with no sign of stopping such behavior, for in the future they need protection as much as anyone else as I have heard from people with in person and direct experience they steal from each other just as much, discouraging home grown innovation.
Microchips are key to understanding Trump’s trade war with China - MIT Technology Review
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