U.S. sanctions hand China opportunity to be chip kingpins

The recent announcement by German car manufacturing behemoth Volkswagen AG, that they will have to significantly reduce their production over the next coming months, due to the global chip shortage is just another illustration of the impact the crisis is having on multiple industries worldwide. The beginning of the global chip shortage can be traced back to the heavy-handed tactics pursued by the U.S. government in its treatment of Chinese ICT vendors.

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