Dylan Patel, an analyst at SemiAnalysis, and Greg Allen from CSIS discuss Biden’s recent chip export controls and their shortcomings. They highlight how China’s stockpiling may undermine the effectiveness of the new regulations. The conversation delves into the complexities of law enforcement versus foreign policy, emphasizing that the current regulatory design is overly complicated. They argue for a more straightforward approach to strengthen the U.S. semiconductor industry amidst fierce competition with China.
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insights INSIGHT
Complexity of Export Controls
The Biden administration’s semiconductor export controls are too complex, resulting in a 200+ page document.
This complexity stems from negotiations with various stakeholders, including US interagency processes, industry, and international allies.
insights INSIGHT
Impact of Export Controls
Despite export controls, China increased its semiconductor equipment purchases, highlighting loopholes.
US semiconductor equipment manufacturers profited greatly, with increased sales and stock prices.
insights INSIGHT
Key Components of New Regulations
The new regulations focus on high-bandwidth memory (HBM), expanding the foreign direct product rule (FDPR).
Many Chinese companies were added to the entity list, targeting Huawei and SMIC shell companies.
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Ron Chernow's biography of Ulysses S. Grant provides a detailed and nuanced portrait of Grant's life, from his humble beginnings to his rise as a Union general and his presidency. The book corrects many misconceptions about Grant, portraying him as a complex figure who was both a skilled military commander and a progressive leader in terms of race relations. Chernow explores Grant's struggles with alcoholism, his military campaigns, and his efforts to protect the rights of newly freed slaves during Reconstruction. The biography also delves into Grant's post-presidency, including his world tour and the publication of his memoirs with the help of Mark Twain[2][3][4].
Commerce released its much-anticipated chip export-control updates yesterday, December 2. But today's guests are unimpressed.
A disclaimer: We recorded this yesterday the same day the regs were released, and given their complexity our takes are inevitably provisional.
We get into:
What’s in the new controls: high bandwidth memory, FDPR, and the Entity List.
Why key assumptions in Biden’s approach to export controls limited
How China’s stockpiling spree may have already rendered these new rules partially obsolete, and what policymakers can do about that going forward.
The law-enforcement approach vs. the counterintelligence approach, and whether export controls should be a foreign-policy tool or simply a law-enforcement activity.
How the new chip controls are like removing puzzle pieces just one at a time — and why that’s exactly what China wants.
The “America First” rationale for domestic chip production.
Why the Democrats’ regulatory design philosophy has favored massive complexity to the detriment of enforcement — and what the Trump administration might do differently going forward.
Outtro music:
From the Netherlands! Mensen by Josine Van Dalsum https://www.youtube.com/watch?v=igRkp_03UHk
From Japan! Yadokari - Meiko Kaji https://www.youtube.com/watch?v=CJG2Wozor94
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