China Is Losing the Chip War

Xi Jinping picked a fight over semiconductor technology-one he can't win.

In an april phone conversation, Chinese leader Xi Jinping issued a stern admonition to President Joe Biden. Washington's ban on the export of American advanced microchips and other sanctions designed "to suppress China's trade and technology development" are "creating risks." If Biden "is adamant on containing China's high-tech development," the official Chinese readout went on, Beijing "is not going to sit back and watch."

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