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FT News Briefing

The surprise winner of the US-China chip wars

Mar 13, 2024
10:42
Snipd AI
The podcast explores stop-gap funding for Ukraine's weapons, China's infrastructure cutbacks, US inflation increase. Tension between US and China prompts companies to move to SE Asia for technology access. Malaysia emerges as a key player in chip wars.
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Podcast summary created with Snipd AI

Quick takeaways

  • EU and US provide military aid to Ukraine against Russia
  • Malaysia emerges as a key player in chip manufacturing amid US-China tensions

Deep dives

Boost in Military Aid for Ukraine

Both the EU and the U.S. have provided additional military aid to Ukraine to support its war with Russia. The EU is set to approve 5 billion euros in military aid, while the U.S. has allocated $300 million for ammunition and artillery. Ukraine faces challenges in funding its war efforts against Russia, prompting concerns among Western policymakers about the need for continual support to combat Russian forces.

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