$7 Billion Chip Dream Shattered! CCP Lifted a Stone Only to Drop It on Its Own Foot & Banned Itself

The G7 Leaders' Summit concluded in Hiroshima, Japan, on May 21. Drawing significant attention from the global community, the summit, for the first time, had economic security as its main focus. During the preceding meetings of G7 finance and foreign ministers, key discussions centered around reorganizing supply chains and addressing economic coercion, perceived as directed towards the Chinese Communist Party (CCP). The subsequent series of actions taken by various parties have reignited the already long-standing U.S.-China technology war. The focus of this war has once again intensified around high-end chips.
Japan's move was part of a classified semiconductor agreement reached in Washington on January 27 between the US, Japan, and the Netherlands, aiming to expand semiconductor export control measures against the CCP.
In addition to the ‘classified agreement' reached with Japan and the Netherlands, the United States also proposed in March last year the Chip4 alliance including the US, Japan, Taiwan, and South Korea. On August 8 of last year, South Korea agreed to participate in preliminary discussions, marking the official formation of the chip4 alliance. The external community believes that the underlying intention of chip4 is to leverage the alliance to exclude Mainland China from the global semiconductor supply chain.