Who's winning the chip war between China & US?
Right now, it seems China and the US start to exchange punches.
The so-called “chip war” between the world’s two largest economies has been going on for a few years now, and Western media is eager to declare victory and the loss of China at every turn.
But not everyone in the West shares this sentiment.
Jensen Huang, CEO and founder of NVIDIA, for example, has expressed his concerns recently, saying that “If we are deprived of the Chinese market, we don't have a contingency for that. There is no other China, there is only one China,” then he added that there would be “enormous damage to American companies” if they could not trade with China.
Similarly, ASML's CEO Peter Wennink says his company’s access to China is 'essential', before pointing out that it was "logical" that China would seek to develop its own semiconductor equipment when restricted from purchasing similar products from abroad.
So why are those executives so concerned if China is supposedly losing the chip war as described by the Western media?
Before diving into details about the semi…
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