Biden cripples China's semiconductor industry overnight

Biden, seemingly living up to his ‘Dark Brandon’ meme has pulled a pretty brazen move last week: He offered Americans working in China’s semiconductor industry (eg. engineers) an impossible choice… Quit their jobs, or lose their American citizenships. Overnight, they resigned, crippling China’s semiconductor industry.

Under the new rules, in order to “protect U.S. national security and foreign policy interests” any U.S. citizen or entity will need to secure permission from the U.S. Department of Commerce before providing any support to China. Further, the restriction includes a ban on the export of U.S. semiconductor equipment to any foreign competitors and will restrict China’s ability to “purchase and manufacture certain high-end chips used in military applications,” according to the administration.

Strategically, it’s a pretty smart and crippling move.

Geopolitically, it’s a pretty severe strike that is likely to increase tensions between the two global powers. Biden, aka ‘Dark Br…