It's not revenge. It's the fact that the US has weaponized tech sanctions. China does not want the US to concentrate and own more tech. For example, I doubt China would have approved Nvidia's ARM deal even if the US approved.
so, in other words, it is revenge, but you're spinning it from a pro-Xi perspective. Thanks for the pro-authoritarian propaganda. Maybe you can join the forever friendship with Putin and go randomly beat up your neighbors and steal their stuff.
Regarding the merger thwarting, I doubt it matters much in the long run. Cutting edge process will one day be trailing edge processes. Intel might actually benefit from a slower build up and greater focus.
Pure speculation here, but I'm guessing that either China or Chinese companies and individuals own a significant stake in Tower, or else they make up a large portion of their customer base. I think technically Intel and Tower could still agree to merge and just walk away from the Chinese market--as an American I'd actually prefer that from a security perspective--but it's bad business.
Merger and acquisition require approval from 4 countries US, Europe, Japan and China. The reason why this countries have the power is because of the substantial market share. The intention is to prevent monopoly or price manipulation similar to anti trust law in the US.if any of the country does not agree the deal is off the table.
Unfortunately, this can be weapnise as seen recently. Intel can decide to ignore China rejection and proceed with the acquisition however Intel will lose access to China market. The Intel executive doesn't want that as it hurts their pockets which is where we are today.
It would be an interesting game of chicken. Authoritarian China doesn’t like the democratic West’s attempts to contain Xi’s evil intentions by limiting Chinese access to computer technology. But if Emperor Xi bans Intel products then he’s the one limiting Chinese access to those products. Xi often talks out of both sides of his mouth — I wonder which side would win this argument.
Yes, but they both operate worldwide. If you want to do business in another country, in this case China, you have to follow their laws and regulations. Seeing as how Tower manufacturers key parts that are always in demand, it would make sense to keep them from being bought by a USA tech giant like Intel. This makes even more sense when you consider the current anti-China news cycle coming out of USA right now. A sudden embargo from USA could cut off the entire supply of Tower products to China.
Either way, it's best to avoid tech monopolies or duopolies from happening.
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Threska - Thursday, August 17, 2023 - link
Most likely China's revenge for sanctions.lemurbutton - Thursday, August 17, 2023 - link
It's not revenge. It's the fact that the US has weaponized tech sanctions. China does not want the US to concentrate and own more tech. For example, I doubt China would have approved Nvidia's ARM deal even if the US approved.Blastdoor - Thursday, August 17, 2023 - link
so, in other words, it is revenge, but you're spinning it from a pro-Xi perspective. Thanks for the pro-authoritarian propaganda. Maybe you can join the forever friendship with Putin and go randomly beat up your neighbors and steal their stuff.Regarding the merger thwarting, I doubt it matters much in the long run. Cutting edge process will one day be trailing edge processes. Intel might actually benefit from a slower build up and greater focus.
Je8dj3odj29wplsj - Friday, August 18, 2023 - link
Well, if my neighbor decides to join a criminal terrorist organization, you may have a point.Calabros - Monday, August 21, 2023 - link
Thats what a genocider would say.Blastdoor - Monday, August 21, 2023 - link
Yup! I saw a good joke the other day — that Russian rocket slammed into the Moon because the moon wanted to join nato.Samus - Friday, August 18, 2023 - link
"China does not want the US to concentrate and own more tech"Wow, so who's weaponizing what now?
erinadreno - Saturday, August 19, 2023 - link
1st and 2nd fight for power. Why are you even surprised?ballsystemlord - Thursday, August 17, 2023 - link
I fail to understand why China must sign off on the deal. Tower Semi and Intel are not Chinese companies, right? Does anyone else understand?UNCjigga - Thursday, August 17, 2023 - link
Pure speculation here, but I'm guessing that either China or Chinese companies and individuals own a significant stake in Tower, or else they make up a large portion of their customer base. I think technically Intel and Tower could still agree to merge and just walk away from the Chinese market--as an American I'd actually prefer that from a security perspective--but it's bad business.zhiling0229 - Friday, August 18, 2023 - link
Merger and acquisition require approval from 4 countries US, Europe, Japan and China. The reason why this countries have the power is because of the substantial market share. The intention is to prevent monopoly or price manipulation similar to anti trust law in the US.if any of the country does not agree the deal is off the table.Unfortunately, this can be weapnise as seen recently. Intel can decide to ignore China rejection and proceed with the acquisition however Intel will lose access to China market. The Intel executive doesn't want that as it hurts their pockets which is where we are today.
Blastdoor - Saturday, August 19, 2023 - link
It would be an interesting game of chicken. Authoritarian China doesn’t like the democratic West’s attempts to contain Xi’s evil intentions by limiting Chinese access to computer technology. But if Emperor Xi bans Intel products then he’s the one limiting Chinese access to those products. Xi often talks out of both sides of his mouth — I wonder which side would win this argument.meacupla - Friday, August 18, 2023 - link
Yes, but they both operate worldwide. If you want to do business in another country, in this case China, you have to follow their laws and regulations.Seeing as how Tower manufacturers key parts that are always in demand, it would make sense to keep them from being bought by a USA tech giant like Intel. This makes even more sense when you consider the current anti-China news cycle coming out of USA right now.
A sudden embargo from USA could cut off the entire supply of Tower products to China.
Either way, it's best to avoid tech monopolies or duopolies from happening.
Calabros - Monday, August 21, 2023 - link
There is no evidence that monopolies are bad. Sometimes it even provides more benefits to consumers.The_Assimilator - Tuesday, August 22, 2023 - link
You are talking out of your posterior.Eliadbu - Thursday, September 7, 2023 - link
Good joke.Oxford Guy - Tuesday, August 29, 2023 - link
Guy 1: I'd like to buy that store.Guy 2: You can try to buy it. If I decide I don't want you to buy it, you'll have to pay millions of dollars, as a "break-up" fee to me.
Guy 1: We're not a couple. I don't even like the way you look. It's not your store. Why should you have a say in the first place?
Guy 2: This is called doing business.
Guy 1: Sounds like something a mafia would come up with.