Wall Street Breakfast Lawmakers urge broader China chip curbs
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Oct 8, 2025 U.S. lawmakers are pushing for stricter restrictions on chip equipment sales to China, uncovering a staggering $38 billion in sales. Meanwhile, air traffic controller shortages are causing widespread flight delays across the country. In an exciting move, Anthropic plans to open its first office in India in 2026 amidst the AI race. The podcast also covers key market movers, including ABB's robotics sale and Intel's upcoming chip details, offering a snapshot of financial news and trends.
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Legal Sales Still Boosted China's Fabs
- The report links those legal purchases to gains in Chinese fabs' production capacity and technological sophistication.
- Lawmakers say these sales accelerated capabilities at firms like SMIC and Huawei's network unit.
Scale Of China Chip Equipment Purchases
- A bipartisan House probe found Chinese chipmakers bought $38 billion in advanced semiconductor equipment without breaking laws.
- Rule inconsistencies between the U.S., Japan, and the Netherlands enabled non-U.S. tool sales that expanded China's chip capacity.
Controller Shortages Delay Flights
- FAA staffing shortages amid the shutdown caused thousands of flight delays and cancellations across the U.S.
- The agency slowed traffic into some airports to maintain safe operations as absenteeism rose.