Part 6/8:
Lastly, a significant development in US technology policy could further complicate China's position. The recent nomination of Landon Ha as Assistant Secretary of Commerce for Export Administration indicates a tightening of US semiconductor export controls. A fierce advocate for limiting China's access to advanced technology, Ha's leadership suggests an impending crack down on semiconductor sales to China.
Analysis shows that China's share of global semiconductor fabrication spending is expected to plummet, driven by stricter export controls and overcapacity concerns. The influence of these measures is already palpable, with companies like Taiwan Semiconductor Manufacturing Company (TSMC) now required to adhere closely to US regulations, affecting their dealings with Chinese clients.