Tech
How The Escalating U.S.-China Tech War Could Hurt American Companies
Smartphones. Cars. Toasters. Fighter jets. While vastly different on the outside, all four items share something similar on the inside: semiconductors.
“There’s no tech industry without semiconductors,” said Stacy Rasgon, senior semiconductor analyst at Bernstein Research.
Semiconductors represent a $574 trillion industry globally and are on pace to cross the trillion-dollar mark by the end of the decade. The industry has been caught in the crosshairs between the U.S. and China, two of the world’s largest economies.
The U.S., which leads the world in global semiconductor market share, recently issued sweeping restrictions on the sale of advanced chips and chipmaking equipment to China, in an attempt to restrict Beijing’s access to critical technologies. The Biden administration has said the export controls are aimed in part at preventing the use of American-made chips in China’s military. China, meanwhile, has accused the U.S. of abusing export restrictions to impede the country’s technological advances.
“We cannot allow China to have our most sophisticated semiconductor chips for use in the Chinese military,” U.S. Secretary of Commerce Gina Raimondo said in an interview with CNBC on Oct. 30, 2023. “That’s where we’ve drawn the cut line.”
Watch the video above to find out more about how the semiconductor industry became the centerpiece of a technological tug-of-war between the U.S. and China, and what the potential implications are for companies caught in the middle of it all.
Chapters:
0:00 Introduction
1:37 The race for technological supremacy
4:48 The battle over chips
6:31 Impact of U.S.-China tec war
10:34 What’s next?
Produced by: Jeff Huang
Edited by: Kevin Heinz
Graphics by: Christina Locopo
Narrated by: Jordan Smith
Supervising Producer: Jeff Morganteen
Additional Footage: Getty Images, Reuters
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How The Escalating U.S.-China Tech War Could Hurt American Companies
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CNBC Marathon explores how Tesla, Rivian and Dodge’s new electric vehicles are transforming the automotive industry.
Over the past decade, Dodge has dug deep into its performance car heritage and become a brand known for brash American muscle cars with supercharged V-8 engines and ridiculous amounts of horsepower. But tightening regulations, rising fuel prices and the rise of the SUV are putting the squeeze on Dodge’s so-called “brotherhood of muscle.” It recently debuted the Charger Daytona SRT EV, an electric car that looks a lot like its popular supercharged Challenger and Charger. Will Dodge fans or EV buyers want it?
Five years after Elon Musk first announced the Tesla Semi, it’s finally hitting roads. CNBC visited Pepsi’s Frito-Lay facility in Modesto, California, where it is using the new electric trucks, to see whether the Semis live up to the hype.
A new electric vehicle company hopes to take on Tesla with its outdoor adventure trucks and SUVs. And its deal with Amazon to build 100,000 electric delivery vans could help it succeed. Founded in 2009, Rivian is focusing on upscale electric trucks and SUVs with an emphasis on outdoor adventure. CNBC’s John Rosevear calls them the “Patagonia of electric vehicles.” Last month, Rivian and Amazon rolled out the first of the electric vans. They are starting to deliver packages in a handful of cities, including Seattle, Baltimore, Chicago and Phoenix.
After manufacturing’s 40-year cycle of decline in the U.S., officials in Washington are trying to bring it back. This move could be a boom or bust for huge swaths of the American Midwest. This region once dominated the auto industry before rising global trade and automation sent domestic manufacturing employment into a tailspin. U.S. leaders hope that new laws such as the Inflation Reduction Act of 2022 will help businesses create the green manufacturing jobs of the future.
Chapters:
00:00 — Introduction
00:48 — Will Dodge’s Electric Muscle Car Satisfy Its Die-Hard Fans? (Published October 2022)
15:31 — Does The Tesla Semi Live Up To The Hype? (Published February 2023)
31:33 — How Amazon Is Giving Rivian An Edge In The EV Industry (Published August 2022)
44:50 — How Electric Vehicles Will Change The Midwest Economy (Published September 2022)
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How Car Makers Are Switching To EVs | CNBC Marathon
source
Lowered compliance costs, greater control over products, more big engines, more pickup trucks. These are just some of the changes investors expect from the rollback of fuel economy rules and the elimination of fines. Data indicate pent up demand for pickup trucks, and many automakers are bringing back V-8 engines. At the same time, hybrid vehicles are surging, and electric vehicles have longer term structural demand in their favor.
Chapters:
0:00 Introduction
01:23 Chapter 1: New rules
03:01 Chapter 2: Why this matters
04:52 Chapter 3: Challenges
06:22 Chapter 4: Fuel efficiency
Produced by: Robert Ferris
Edited by: Darren Geeter
Camera by: Ryan Baker
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, Ford, GM
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About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
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Why Fuel Economy Rollbacks Will Spur More Trucks, More V-8 Engines
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U.S. chip manufacturing faces a shortage of up to 157,000 skilled workers by 2030, a matter of concern for companies like Samsung.
Schools including Purdue and Arizona State have new semiconductor degree programs, and all the biggest chipmakers are investing millions to create pipelines of U.S. chip talent.
CNBC’s Katie Tarasov has the details. Watch the related video for full report.
source
CNBC’s Michael Wayland takes a first look at electric vehicle startup Slate Auto’s modular $25,000 pick up trucks. The cars are affordable and basic, with features that buyers can customize. That includes turning the truck into an SUV. The vehicles had more than 150,000 refundable reservations before their release, despite waning consumer demand in EVs in the U.S. The company is about to find out if the truck can disrupt the market.
Reporting by: Michael Wayland
Produced and Camera by: Natalie Rice
Edited by: Darren Geeter
Senior Managing Producer: Tala Hadavi
Additional Footage: Slate Auto
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About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh
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CNBC Takes A First Look At Slate Auto’s $25,000 Modular Cars
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AI data centers are driving unprecedented demand for electricity and putting renewed pressure on America’s power grid to modernize its equipment and develop greener, more efficient sources of power. Google, Meta, Microsoft and Amazon are all spending millions of dollars on local infrastructure upgrades and companies like SpaceXAI are even building off-grid power plants to power their data centers.
Google says its planned 780-megawatt data center in Pine Island, Minnesota, could offer a model for powering the AI boom. In a proposed agreement with Xcel Energy, Google says it will support 1,900 megawatts of new wind, solar and battery capacity, while minimum payments and exit fees are intended to protect local ratepayers if demand falls short.
CNBC examines whether projects like Pine Island can make the grid cleaner without shifting costs to existing customers, why some energy experts argue that smaller data centers could make better use of infrastructure already in place, and how utilities’ financial incentives can complicate efforts to build less.
Chapters:
0:00 – 2:06 Introduction
2:07 – 4:49 Off-grid solutions
4:50 – 9:00 Upgrading the grid
9:01 – 11:44 Smaller data centers
Produced by: Jeffrey Kopp
Senior Director of Video: Jeniece Pettitt
Tech Correspondent: MacKenzie Sigalos
Edited by: Erin Black, Matt Soto
Camera: Donny Rowles
Animation: Jason Reginato, Emily Park
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About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh
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The Race To Power AI Is Reshaping America’s Electric Grid
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@laopang91362
December 16, 2023 at 1:53 pm
Government is the problem – Ronald Reagan.
@gags730
December 16, 2023 at 1:53 pm
Be Careful What You Wish For. This could backfire on the West.
While China may be behind for now the restrictions which are basically sanctions will end up making China fully self-sufficient in the Chip Market. Right now no country does not rely on another to produce chips as everything needed comes from many places.
While China may not be producing the newest cutting-edge chips for some time most chips sold are not the newest cutting edge. We just watched China hit 7nm and now 5nm a feat that many experts would not happen so fast. People think that when it bans something from China it has no access to that item. That is not true there are many ways that China can still get their hands on these items.
As we have seen with many things China catches up fast and they surpass other countries just the same. Sanctions will not work forever, they rarely if ever do. Don't count China out. They will get the technology, they will produce it eventually, and knowing China they will do it cheaper and faster in the long run. They are only 'delaying' the inevitable and making China accelerate what it has to do all that much faster. Sometimes you are better off leaving them alone than incentivizing them.
@liamporter1137
December 16, 2023 at 1:53 pm
When US cannot beats China fairly, uses lowlife tactics such as sanction. US just want to contain China progress by all means which includes spreading lies, disinformation, false accusations, implementing sanction and ganging other countries to suppress China progress etc. US has lost their dignity in front of the world to see. US accelerates their own decline. Pretty stupid to me.
US lies and security is just an excuse. US has no balls to say that US just want to contain China progress.
@chiwong1443
December 16, 2023 at 1:53 pm
Only time can tell these trade and tech wars initiated by US will deliver their goal, or just another Wolf Amendment in Space research. However, it is pretty much sure if these US politicians put more times and efforts on their domestic issues, rather than initiated all sorts of conflicts around the globe, their country will have far less homeless people, significantly reducing poverty, less drug issues, less crimes, less deficit in national economy, much better life for their ordinary citizens and …
@TJDash
December 16, 2023 at 1:53 pm
If any other country is mite advanced than the US, they might discover how sneaky the US has been. As we already know with leaks and what not. Every other country is inferior and must stay that way.
@user-tg9ej9so2e
December 16, 2023 at 1:53 pm
Americans are the most jealous lot in the world. They don't want anyone to surpass them in any measure and will go to any lengths to ensure it. They say they don't want Chinese to access these advanced chips for military application. What are the US gonna do with it if not use in their defense? Make nuggets with em?
@hurrikkkanes2533
December 16, 2023 at 1:53 pm
data and rare earths is 21st century oil and china is 21st century middle east 😂 you guys are just rtarded if you think you are even in the race at all, remember that your “tech giants” amd nvidia ONLY DESIGNS chips, only TSMC FABS those chips 😂 designing can be done by any nerdy asian with random software 😂
@ashuhncummings8668
December 16, 2023 at 1:53 pm
Bunch of lies and delusions China has already passed us up so there really is no competition at this point more like denial.
@JazevoAudiosurf
December 16, 2023 at 1:53 pm
taiwan is almost exclusively about AI. once we take off, the war will start immediately
@colinlee9678
December 16, 2023 at 1:53 pm
Technological developments of one country can't be controlled by the legislations of another country as these foreign laws that have no legal effects in another country! Very stupid logic !
@beetwing
December 16, 2023 at 1:53 pm
The ban will accelerate China to invade Taiwan. Leaving them using our tech, they will use it against us. Both ways, it won't end well.
@michael511128
December 16, 2023 at 1:53 pm
The biggest US contribution to the world in 2023 is making us laugh so hard 😂 when Huawei released the Mate 60.
@BugsBunny-King
December 16, 2023 at 1:53 pm
Beijing Biden 🧐
@oklahoma1232
December 16, 2023 at 1:53 pm
Maybe but its the USA government holding bak & destroying the COMMUNIST CHINA PRC economy, its the ill intent of USA . ill will, also USA ,UK are curbing Chinese students from entering Universities from studying at University for the fear of Chinese students when they return home from advancing research , USA advanced research is for USA world domination ! Ideally USA would want the Chinese to study USA democracy on how wonderful USA. is & why USA should dominate the world I,, take their billions of dollars & all is well ! expect for them to hand over their parents hard earned money for Nothing !💘 LOL!
@ArthurJason-Constantine
December 16, 2023 at 1:53 pm
The position of both parties in the United States, especially the Republicans in the Palestinian-Israeli conflict, has pushed the United States away from the mainstream of the world. When countries around the world think that the United States is a security hazard, how can they trust American companies? American companies are so deeply involved by the government and the army that they continue to impose arbitrary sanctions on other countries. No country is not afraid of this. The States is no longer the leader of the free market. If these politicians continue to divide the world, more and more people will lose confidence in the States.
@kenyup7936
December 16, 2023 at 1:53 pm
US AI rival is US itself not China, coz all AI tech which training model is from the US not China.China can't catch up with the US in terms of AI, no midjourney apps atm in China , chatGPT chinese version is pretty trash, something like that.according to China preferences , China should've built their own version already.
but China deserve that, coz China is a country disrespect rules, US is teaching China one more lesson
@skymore2948
December 16, 2023 at 1:53 pm
so we can tell the different.
i can see PC
strategy only for "clubhouse "
which is very good. they made great leaders for sure.
@GD-8
December 16, 2023 at 1:53 pm
Isn't that the lady who said she was "upset" when Huawei rolled out those phones? 😂
I mean, the US is just like a school bully who gets jealous of the new Asian kid simply because he/she is better at Math. Then they demand that everyone shun and exclude the new kid. 🤣…insecure much?
@superpooper_2030
December 16, 2023 at 1:53 pm
Only India can help USA because of similar voting + media + money based one day election/democracy and both also has one race supremacy.
@ChocoBeanChat
December 16, 2023 at 1:53 pm
Let’s go, google!!!
@liang8255
December 16, 2023 at 1:53 pm
Why China is not allowed to make advanced chips at first place? What’s logic behind it? Doesn’t make sense that US is not allowed to make weapons? So we could have less wars?
@DMZZ369
December 16, 2023 at 1:53 pm
曾经的美国确实非常伟大，但是现在变得堕落麻木，也失去了自信心，因为美国的政客非常愚蠢，没有人为国家和人民考虑，总是把钱浪费在没有用的地方，通过舆论抹黑其他国家来转移内部矛盾，地球上没有任何国家可以赢中国，美国那帮愚蠢的政客没有战略眼光，2010年是美国最有希望铲除中国的一年，但是现在的中国达到了人类历史上最大的工业化规模，几乎垄断了制造业，科技发展非常迅速，熟悉近代史的人都知道工业化的重要性，而且美国的每一步行动都在落入中国设下的陷阱，世界的格局被我们牢牢掌控，西方在几十年的时间不断说中国即将崩溃，我等的好辛苦，西方这么多国家制裁围堵中国几十年，为什么没有任何效果？这些蠢人根本不知道自己在干什么，跟中国人比智慧本身就是愚蠢的行为，落后的冷战思维和盟友体系会不断消耗美国的国力和声誉，未来五年世界的格局将会发生很大的变化，美国的衰落无法避免，通过神话包装自己只会在灾难面前更像小丑。
@ongsengfook
December 16, 2023 at 1:53 pm
Reciprocity. Don't think others are stupid. China can and will retaliate. China may sponsor US enemies around the world. Supplying weapons to Iran, Syria or North Korea can make Pentagon headache.
@lokesh303101
December 16, 2023 at 1:53 pm
It drives Innovation and better products are created that needs to be welcomed.
@fyc55
December 16, 2023 at 1:53 pm
One question for these stupid: Can any product survive without market?
@chaih.k5701
December 16, 2023 at 1:53 pm
The more sanctions The more self reliace self sufficient look at Huawei breakthrough innovation even link to EV to rule the world …US hegemony white supremacy ego need to change,otherwise loser on grapes sour,or wait for India become big buyer..lol
@nukiolbartes6279
December 16, 2023 at 1:53 pm
Chinese govt intervene to subsidize. US govt intervene to restrict.
@user-vl8vo2ly1u
December 16, 2023 at 1:53 pm
As a high-level alien, I really hate China's aggression.
@RichardBrett899
December 16, 2023 at 1:53 pm
At the end of the day, China built its own space station all by itself. The space station will be the only one available for space research.
@danielodey7775
December 16, 2023 at 1:53 pm
I've been following this debate on Youtube . A "bifurcation is developing" is the key observation ; a fork in the road is forming , between US lead technology and China lead tech. Who will win ? Or more correctly , where will the two roads lead ?
@JohnTr5
December 16, 2023 at 1:53 pm
China is the real Kungfu master, looks soft power outside but the real hard rock inside. As a Kungfu master China can dodge every attack and respond quite decisively using the attacker's own strength! 😊
@auro1986
December 16, 2023 at 1:53 pm
how? it is america that bothers about a small island called taiwan
@chinyong8166
December 16, 2023 at 1:53 pm
Hmm if it's solely about concerns of chips being used in the military… Why at the same time dangle carrots for companies to build more chips in the US (with taxpayers money as well). Using it's military might and trade position, the us has bullied Netherlands, South Korea, Taiwan and Japan into holding up this unilaterally beneficial sanction.
@carlhsin4020
December 16, 2023 at 1:53 pm
From history, we learned that no matter how big your idea is and how righteous you feel, without adapting to realities you will fail. Having seen this news report, I am certain that the USA is out of touch of reality, she is only full of self righteousness and self fulfillment. I wish her the best of luck.
@ashchbkv6965
December 16, 2023 at 1:53 pm
Good. Competition is what we consumers need, even if you're from US or China.
@skyscraperfan
December 16, 2023 at 1:53 pm
That battle is already lost for the US. We are at a point where AI can design new AI chips on its own. And you can run AI on any processor – just less power efficient.
Innovation is just much faster in China than in the US. China just has a lot more people who are well educated. In Beijing they have a huge specialized university just for aviation and aerospace. Sooner or later they will have the best planes. They already build the best smartphones.
The US have been the world's leading superpower for a long time, but those days are numbered. China already finances a big chunk of the US debt and that very much limits how much pressure the US can apply on China. China can probably build five or more tanks, missiles or battle chips for the price of one in the US. So China only needs to spend a small fraction of the US military budget to get the same fire power. Just look how much the Russian military achieves with a small budget. China already has ten times the GDP of Russia and it could easily have an army of five million soldiers and more.
Each country really has to decide if it will continue to be on the side of the old superpower or the new one.
@hussienalsafi1149
December 16, 2023 at 1:53 pm
❤️❤️❤️❤️❤️❤️
@ocampbell1954
December 16, 2023 at 1:53 pm
Speaking of national security. Why are we allowing Chinese students to come to our universities?
@co88liwan31
December 16, 2023 at 1:53 pm
I think the US govt is honest, "ban china military development to prevent them from passing US troops", only this can help maintain the US hegemony and dollar, personally, I think this will only slow China but not stop it, the ban is not scalable, hurt both side and the goal is hard to achieve.
@richardong6640
December 16, 2023 at 1:53 pm
When one country has to try to contain another country’s growth, it means the former is losing or already lost! Sore loser!
@AZ-hj8ym
December 16, 2023 at 1:53 pm
China doesnt care after the first two years of sanctions. US is becoming irrelevant.