US China tech war updates with ting Hey tech enthusiasts. Ting here coming to you with the latest pulse check on the increasingly complex US China tech tango. The past two weeks have been absolutely wild in the digital battleground. Let's dive right in. Just two days ago, on June tenth, Washington and Beijing finally hammered out a new framework in London to de escalate mounting trade tensions that nearly collapsed
bilateral trade last month. The May twelfth Geneva negotiations pulled US back from the brink of what would have been an unprecedented trade embargo. Both sides claimed victory, with Trump securing rare earth exports from China while Beijing got verbal commitments against decoupling. But make no mistake, this isn't your parents trade war anymore. We've graduated to a full blown technology conflict where semiconductor manufacturing, equipment, rare earth processing, and
software export controls are the new battlefields. China controls a staggering eighty five percent of global rare earth processing capacity, while the US leverages its choke hold on advanced chip production equipment like a s m l's EUV lithography machines, the casualties are mounting. On May twenty second, smartphone exports crashed a jaw dropping seventy two percent, the steepest decline
since records began in twenty eleven. Meanwhile, on the cyber front, a China linked espionage group has been busy targeting over seventy organizations across multiple sectors between July twenty twenty four and March twenty twenty five, including cybersecurity firm Sentinel One. Adding to the digital chaos, two distinct mari botnets are currently exploiting the Wazo server vulnerability cve E twenty E twenty one six to launch distributed denial of service attacks
and infect IoT devices worldwide. What's becoming crystal clear is that both nations are prioritizing technological sovereignty over short term economic gains. Chinas one hundred and forty three billion dollars semiconductor self Sufficiency Drive and America's fifty billion dollar Chips Act tell the story. Beijing's strategy of retaliating, preparing its population for a protracted struggle, and waiting for Washington to
seek an off ramp proved effective in recent negotiations. The strategic chess match continues to evolve beyond tariffs to technological dominance. Despite the recent de escalation, experts warn the truce remains fragile. One thing is certain, Beijing views recent US actions as vindication for its techno industrial and self reliance policies. As we look ahead, expect continued volatility, especially around export controls
on emerging technologies. The future economic and geopolitical power balance will ultimately be determined not by trade deficits, but by who controls the critical technologies of tomorrow. This is ting signing off until our next tech war update. Thanks for listening. Make sure you hit the subst grib button and never miss an update. This has been a quiet please production. For more check out Quiet please dot ai