Recently, in the field of science and technology, the United States has been taking steps to contain China. First, the U.S. Department of Commerce added seven Chinese aerospace-related entities to the export control list, and then U.S. President Biden signed the "Chip Act" ", and then recently hit China hard in the chip field. According to a recent report by the Global Times citing US media, the US government requested that the chip company Nvidia stop selling two top-level GPU chips, A100 and H100, to Chinese companies. At the same time, another chip company AMD was also asked to stop exporting MI250 chips to China.
It is reported that the GPU chip is the graphics processor, often called the "heart" of the graphics card . High-performance GPU has powerful computing power and is an important source of computing power for supercomputers and artificial intelligence . Some analysts believe that this move by the United States has an obvious intention to weaken the high-end computing capabilities of China's high-end manufacturing industry in image processing and speech recognition.
However, as the news of the United States cutting off the supply of chips to China was exposed,
the first to cry out for pain was the American company. In the stock market, NVIDIA, AMD, Qualcomm fell in response, and caused the Philadelphia Semiconductor Index to fall by nearly 2 %. Nvidia once fell by more than 11% during the session, and its market value evaporated by approximately US$40 billion. Why did the capital market take the lead in panicking about U.S. chip stocks? The reason is that U.S. chip manufacturing companies rely heavily on the Chinese market. In fact, the world's largest chip market is in China. In 2021, China's imports accounted for as much as 77.8% of global chip sales, and this time the U.S. cuts off Chinese chips. supply, Nvidia immediately had a big risk, that is, the potential sales of $400 million in this quarter were wiped out.
In response to the United States’ hegemonic behavior in the chip field, China’s two major departments responded promptly and forcefully. According to the Global Times, which quoted the recent regular press conference of the Ministry of Foreign Affairs, a spokesperson of the Ministry of Foreign Affairs said that the United States’ approach is typical of technological hegemony. , trying to use its own scientific and technological advantages to curb and suppress the development of emerging markets and developing countries. This move violates the rules of the market economy and undermines the international economic and trade order. China is firmly opposed to this. Similarly, at the regular press conference of the Ministry of Commerce, Ministry of Commerce spokesperson Shu Jueting also solemnly stated that the United States should immediately stop its wrong practices, treat companies from all countries, including Chinese companies, fairly, and do more to contribute to the stability of the world economy. thing.
In addition to cutting off the supply of chips to China, the United States also formed the "Chip Quad Alliance" with ulterior motives, intending to tie up the semiconductor industries of Japan, South Korea, and Taiwan, and issued an ultimatum to South Korea. However, South Korea did not respond positively. As for whether to join, South Korea needs to comprehensively consider its national interests. South Korea's "quietness" is really a helpless move. After all, since May 2020, South Korea's manufacturing inventory rate has reached a historical peak in July this year, and its semiconductor inventory has been rising. Currently, the conflict between Russia and Ukraine, the raging epidemic, and inflation have put the global economy in a sluggish state, and South Korea is certainly not having an easy time. Therefore, South Korea certainly does not want to lose the huge market in China, and careful thinking is the best choice.
Based on the above-mentioned various actions of the United States against China, it is obvious that the United States is eager to take action against China this time and is determined to force China to bow before giving up. It is obviously a mistake and has not fully considered the impact of cutting off the supply of chips to China. According to a recent report by the Global Times citing US media reports, the Biden administration’s pursuit of US unipolar hegemony is posing risks to the future economic stability of China, the West, emerging Asia and the global South, and may push the world economy into a stagflation recession, or even leading to a severe global depression. It is worth mentioning that last year, China's overseas direct investment totaled US$138 billion. At the same time, China received US$173 billion in foreign investment. Behind the two eye-catching data is an indisputable fact, that is, China has long become an important source of power for the world economy. Due to the high degree of interdependence between global economies, any approach that undermines China's trade stability may have a negative impact on the world economy. It poses a huge threat to the original international economic order.
Of course, in the face of the U.S. cutting off chip supply to China, on the one hand, we must be wary of the impact of U.S. technological hegemony on China, and we must always pay attention to improving and increasing our own anti-risk capabilities, and strive to be reasonable and rational. Strive for fair and equitable international market treatment. On the other hand, the unusual changes in the chip field in the United States are also a once-in-a-lifetime opportunity for China. The sudden difficult situation will inevitably promote the independent innovation of China's local chips, vigorously stimulate the internal vitality of upstream and downstream chip companies, and conduct efficient interactive exchanges. With cooperation, China's chip industry chain and chip ecosystem will also develop rapidly in this historical process.
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