Tue 29 Nov 2022 - 15:00 GMT / 10:00 EST

The China/USA rivalry waxes yet more fierce

The combination of the 20th CCP Congress and additional export controls underlines again that semiconductors are central to this struggle

The USA intends to do to China what it did to Huawei and that China’s ability to mitigate the impact is limited

China is likely to focus on lagging-edge technologies and set its own standards wherever it can

The result will be fragmentation and lower long-term growth for all.