Hey there, I'm Ting and welcome to Beijing Bites, where we dive into the latest US China tech war updates. It's been a wild two weeks, so let's get straight into it. First off, cybersecurity incidents have been making headlines. China's National Computer Network Emergency Response Technical Team Coordination Center or cnc ART, accused the US government of launching cyber attacks against two Chinese tech companies to steal trade secrets.
One of the attacks allegedly exploited a vulnerability in a document management system to infiltrate a company's software upgrade management server. This comes as the US Treasury Department sanctioned Sichuan Silence Information Technology Company Limited and one of its employees, Guan Tianfeng, for their roles in compromising tens of thousands of firewalls worldwide, including those of US critical infrastructure companies. Now, let's talk
about new tech restrictions. The Biden administration has been ramping up its efforts to curb China's access to advanced semiconductors. On December second, the Commerce Department's Bureau of Industry and Security unveiled a third package of chip export rules against China against China adding one hundred forty Chinese chip makers and suppliers to its entity list and imposing new export controls on twenty four types of semiconductor manufacturing equipment and
high bandwidth memory chips. This move was swiftly followed by China's announcement of strict export controls on critical minerals including antimony, gallium, and germanium, specifically targeted at the U S. One. US Commerce Secretary Gina Raimando recently told The Wall Street Journal that trying to hold China back is a fool's errand and that the only way for the US to win the chip war is to out innovate China and stay
ahead of it. For this sentiment echoes the long standing tit for tat nature of the US China tech trade war. The industry impacts are significant. Chinese industry groups have called on their members not to buy American legacy semiconductors due to safety concerns, and the U S Office of Management and Budget has released a request for information to gauge the best ways to incentivize government contractors to use domestically
manufactured chips. In strategic terms, these developments underscore the escalating tech trade war between the U S and China. The US aims to protect its chip making industry, while China seeks to build its own semiconductor capabilities. The future of this competition will likely be shaped by who can innovate faster and more effectively. That's all for to Day's Beijing Bytes. Stay tuned for more updates on the US China tech war. I'm ting and I'll catch you in the next bite.
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