Bloomberg Tech China Fights Back, South Korea Declares Martial Law
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Dec 3, 2024 Rose Wang, COO of Blue Sky, discusses the platform's explosive growth following recent elections, emphasizing user trust and safety. She details challenges in scaling operations and introduces new subscription features to enhance user experience. The podcast also covers South Korea's martial law announcement and the repercussions on tech giants like Samsung and SK Hynix amid rising U.S.-China tensions, exploring how these dynamics affect global markets and technology strategies.
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Martial Law in South Korea
- South Korea's President Yoon declared martial law, surprising even his own party.
- This unprecedented move in 44 years stemmed from a budget deadlock with the Democratic Party.
China's Retaliation on Chip Curbs
- China countered US chip curbs by restricting exports of gallium, germanium, and antimony.
- These materials are crucial for semiconductors, military tech, and other applications.
Intel's Future After Gelsinger
- Intel's CEO departure may lead to company restructuring or a potential breakup.
- Pat Gelsinger had previously resisted such moves, favoring investments from the CHIPS Act.