With a flick of his pen, US President Joe Biden has brought fire and brimstone down on China’s microchip industry. Instead of just sanctioning a few Chinese companies, his executive order used the foreign direct product rule to target any company using US software, technology or machinery to manufacture microchips from selling advanced microchips to China. In this episode of China Unscripted, we discuss the CHIPS Act, Biden’s new executive order, and the Chinese Communist Party’s paranoia about protesters.
