CHINA SANCTIONS 12 U.S. COMPANIES AND 10 SENIOR OFFICIALS

Mario Nawfal

@MarioNawfal
🚨🇨🇳🇺🇸 CHINA SANCTIONS 12 U.S. COMPANIES AND 10 SENIOR OFFICIALS

The announcement comes in response to U.S. sanctions on Chinese companies which China says are “abusing unilateral sanctions” and violating their rights.

Beijing’s measures target firms including Lockheed Martin, Raytheon Missiles, and General Dynamics.

Sanctions include freezing assets in China and banning executives from entering China, Hong Kong, and Macau.

Source: TASS, South China Morning Post

Mario Nawfal

@MarioNawfal
🚨🇹🇼🇨🇳TAIWAN CHIP MAKERS HAVE KILL SWITCH IF CHINA INVADES

The Taiwan Semiconductor Manufacturing Company (TSMC) revealed to U.S officials that it has a backup plan for its chip-making machines in case China invades.

Dutch-based ASML, which provides TSMC with one of its most important machines for manufacturing chips, can remotely switch them off and has run simulations to confirm that it would work in the event of China taking control of the plant.

ASML is the world’s only manufacturer of the machines, which sell for more than $217 million each.

Source: Bloomberg