The Dutch company ASML, as basically the only company in the world that makes the lithography machines used to produce the most complex microchips, has again become a geopolitical pawn. The United States government is preparing to force the Netherlands to ban ASML from selling almost any chip-making machines to China, NU.nl reports.
I don’t know what propaganda you are watching? Is it Fox News?
China is fucking 1.4 Billion people, they have invested heavily in infrastructure, education and research for 50 years, while we in Europe and USA have invested only about a third in those areas.
Of course they are catching up. Just like Japan did, Just like South Korea did. AND just like USA did stealing technology from Europe.
China is now among the world leaders in 8 out of 10 key industries. And very obviously, China is working on their own technology to replace ASML even harder now than they did a few years ago, exactly because USA has demanded we sanction the technology to slow them down on AI.
Well guess what. USA will lose the AI race to China so badly, that most probably ALL the big American AI companies will probably go bankrupt. Because they are driven by a gold rush craze, investing way more than the economy can justify. While in China they are pragmatically working towards using cheaper AI solutions to solve actual practical problems.
I want to trade with China because they are a WAY WAY more reliable trading partner than USA is.