Climate credit Sep 2, 2022 (WiC 598)
“They have said they will do X, Y and Z and they have done more”
US climate envoy John Kerry tells the Financial Times that China has “generally speaking, outperformed its commitments” in tackling global warming. Beijing cut short climate talks with the US after House Speaker Nancy Pelosi’s visit to Taiwan but Kerry was keen to laud Chinese climate efforts, perhaps as a means to restoring engagement.
Silicon showdown Aug 26, 2022 (WiC 597)
“China has the market, but the US has the technology”
Yeo Han-koo, South Korea’s trade minister till May, explains to the Financial Times why the likes of Samsung have opted for the US side in the semiconductor war with China. “Without technology you have no product. Without a market, at least you can find a way to diversify and identify alternatives,” Yeo added.
Bargaining chips Aug 19, 2022 (WiC 596)
“My feeling is that the only sensible strategy with the Chinese, as long as we have the technology lead in some areas, is to use that as a bargaining chip – if you want the wafer, you have to build the factory in the UK, employ a certain number of people”
Hermann Hauser, a veteran entrepreneur who was involved in the founding of leading UK chip firm Arm, told the Financial Times that he detects “anti-China hysteria” in the British response to Nexperia’s takeover of Newport Wafer Fab. “If you don’t allow the Chinese [to invest in Newport Wafer], the company withers on the vine and then, in the end, you have got nothing.”
Pelosi’s Taipei gambit Jul 29, 2022 (WiC 595)
“I think what the President was saying is that maybe the military was afraid our plane would get shot down or something like that by the Chinese”
Nancy Pelosi reacts to a journalist’s question about her proposed trip to Taipei this summer, and the reaction of President Joe Biden that “the military think it’s not a good idea right now”. As the Speaker of the House of Representatives, she would be the most senior American political figure to visit Taiwan in decades. The move would further escalate Sino-American tensions; a riled Beijing has threatened a military response if she goes to Taipei.