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Thursday, November 16, 2023

San Francisco moving homeless away from Apec summit venue, Historic Bay Area Estate Where Biden and Xi Jinping Are Meeting

 

San Francisco has struggled to clean up the city ahead of hosting world and business leaders at this week’s Apec summit. Photo: AFP

  • Homelessness in the city has been a target for US right-wing media and Chinese commentators have joined in the criticism
  • Encampments were cleared from around the Moscone Centre where world leaders, including Xi Jinping and Joe Biden, meet this week


The news that San Francisco has removed vagrants from the street to give the city a new look is hotly discussed on China’s internet. It is quite difficult for the Chinese to understand that the US is so rich, but there are so many people in absolute poverty

 
  • Eduardo Jaramillo
Eduardo Jaramilloin San Francisco
More world leaders will visit San Francisco for the Asia-Pacific Economic Cooperation summit this week than at any time since 1945 – when 50 dignitaries met to found the United Nations – and the famed city by the bay is trying to put its best foot forward.

This week’s historic meeting of leaders from around the Asia-Pacific region has prompted a beautification campaign, with San Francisco scrubbing streets and cleaning up the city.

San Francisco has also removed homeless residents from encampments near the summit and called in thousands of law enforcement officers to police the area around the Moscone Centre where world leaders – including US President Joe Biden and his Chinese counterpart Xi Jinping – will meet.

Seas of red flags and very warm welcome to President Xi in San Francico attending APEC 2023


Written by Annie Gaus

See the Historic Bay Area Estate Where Biden and Xi Jinping Are Meeting

A large outdoor garden area with a large sunken pool and a large brick estate in the background on a sunny day.
Reflecting pool and former carriage house at the Filoli estate, also known as the Bourn-Roth Estate, in Woodside, California. | Source:Redlemur/Wikimedia/Creative Commons

President Joe Biden and Chinese leader Xi Jinping will hold a high-stakes meeting Wednesday at a historic estate about 25 miles south of San Francisco, according to a report.

The two leaders are planning to meet for about four hours Wednesday at the Filoli estate, a lush, sprawling property located in the posh Bay Area suburb of Woodside, according to the Voice of America. The two will dine together during the meeting, which is happening alongside the Asia-Pacific Economic Cooperation (APEC) summit in Downtown San Francisco.

The meeting will include a working lunch, a stroll through the grounds of the estate and a smaller meeting with National Security Advisor Jake Sullivan and Secretary of State Antony Blinken. Other officials will hold separate sessions on specific issues, VOA reported.

A wood paneled dining room with Victorian era decorations, chandelier, fireplace, etc.
The dining room at the Filoli estate, also known as the Bourn-Roth Estate, in Woodside, California. | Source:Daderot/Wikimedia/Creative Commons

Filoli is described on its website as "a vibrant landscape of the Bay Area, situated on the unceded ancestral lands of the Ramaytush Ohlone, in Woodside, California."

The estate, formally called Filoli Historic House and Garden, boasts 654 acres along the slopes of California’s coastal range.

A brick building with ivy growing on its exterior and to manicured lawn, including hedges and lush trees.
The main house at the Filoli estate was built in a California Eclectic architectural style. | Source:Smith Collection/Gado/Getty Images

It was originally built in 1917 for William Bowers Bourn II, then owner of one of California's richest gold mines, as a private residence. In 1975, it was opened to the public as a nonprofit organization.

The two leaders will have plenty of space to stroll. The property features a 54,000+-square-foot Georgian revival-style mansion, 16 acres of English Renaissance gardens, a 6.8-acre orchard and a 1-mile trail, among other amenities.

The Wednesday session will be Biden and Xi's first face-to-face meeting since last year, when they met on the sidelines of the Group of 20 (G20) summit in Bali, Indonesia.

A piano atop a small stair case in an Victorian era interior that includes large mirrors and two large bouquets of flowers on pedestal, and a chandelier in the center of the room.
The ballroom of the Filoli estate, also known as the Bourn-Roth Estate, in Woodside, California. | Source:Daderot/Wikimedia/Creative Commons

Xi’s stop at APEC marks his first visit to the U.S. since an April 2017 meeting at Mar-a-Lago, former President Donald Trump’s Florida resort. It is also the Chinese president’s first visit to San Francisco since 1985, when he was a small-town Communist Party chief.

Biden and Xi are set to discuss the importance of strengthening communication between the two superpowers and managing competition responsibly—along with a range of issues that could prove contentious, such as election interference, according to a senior administration official.

READ MORE: China's Xi Jinping Arrives in San Francisco to Fanfare, Protests

Biden is also likely to touch on China’s role in the Russia-Ukraine and Israel-Hamas wars, the official said. The Bay Area meeting will be Biden and Xi’s seventh interaction since Biden took office.

See more pictures of the estate below:

A lowly lit Victorian era room with green wall paper, couches and chairs.
Reception room at the Filoli estate, also known as the Bourn-Roth Estate, in Woodside, California. | Source:Daderot/Wikimedia/Creative Commons
A large outdoor garden area on a sunny day.
The Chartres Garden at the Filoli estate, also known as the Bourn-Roth Estate, in Woodside, California. | Source:Redlemur/Wikimedia/Creative Commons
A large brick estate in the background on a sunny day.
Exterior of the Filoli estate, also known as the Bourn-Roth Estate, in Woodside, California. | Source:Redlemur/Wikimedia/Creative Commons
A modest kitchen era from the late 1880s with a large plant on the center island.
The kitchen at the Filoli estate, also known as the Bourn-Roth Estate, in Woodside, California. | Source:Daderot/Wikimedia/Creative Commons
A large outdoor garden area with a large sunken pool on a sunny day.
The Sunken Garden at the Filoli estate, also known as the Bourn-Roth Estate, in Woodside, California. | Source:Leonard G./German Wikipedia by Sozi
An immaculate lush garden with a manicured lawn, including hedges, and a pool-like pond with water lilies.
Sunken garden and lawn at Filoli estate, a preserved country house, formal garden and estate operated by the National Trust for Historic Preservation in Woodside on June 23, 2017. | Source:Smith Collection/Gado/Getty Images

Annie Gaus can be reached at annie@sfstandard.com

Chinese President Xi Jinping arrived in San Francisco on Tuesday local time to participate in a much-anticipated China-US summit meeting and the 30th APEC Economic Leaders' Meeting, an occasion that signifies the gathering momentum of stabilization of China-US relations which will inject positive energy and stability into the world amid a complex geopolitical landscape and challenges of post-pandemic economic recovery.
Seas of red flags and very warm welcome to President Xi in San Francico attending APEC 2023

https://youtu.be/QfnXbfoAL3U?si=SXRSS-_rjd_Uwu5S

More than 300 overseas Chinese people from New York gathered outside Moscone center in San Francisco, main venue for #APEC2023 on Tuesday morning local time to welcome the Chinese delegation.
Image


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Monday, November 13, 2023

China to hold military drills with SE Asian countries amid provocations by the Philippines over Chinese islands and reefs in the South China Sea

 Ships attached to a destroyer flotilla with the navy under the PLA Eastern Theater Command sail in formation en route to a multi-subject training exercise in East China Sea. The ships' journey took two days from October 13 to 14 before reaching the training waters. Photo:China Military



China will hold a joint military exercise with five Southeast Asian countries this month, with experts saying on Sunday that the move is conducive to the safeguarding of regional peace and stability amid repeated provocations by the Philippines over Chinese islands and reefs in the South China Sea.

The Chinese military will host militaries from Cambodia, Laos, Malaysia, Thailand and Vietnam in Zhanjiang, South China's Guangdong Province from mid-November to late November for the Aman Youyi-2023 (namely Peace and Friendship-2023) multilateral drills, China's Ministry of National Defense said in a press release on Sunday.

Under the theme of joint counter-terrorism and military operations on safeguarding maritime security, the exercise is split into a land part and a sea part, organizing teams to hold joint training, joint command exercises and actual-force drills on counter-terrorism and anti-piracy, the press release reads.

The goal of the exercise is to enhance the participants' operational capabilities in urban counter-terrorism as well as maritime counter-terrorism and anti-piracy, further deepen military mutual trust and pragmatic cooperation, and jointly safeguard regional peace and stability, the Chinese Defense Ministry said.

The Chinese participating forces mainly come from the Chinese People's Liberation Army Southern Theater Command, and foreign participating forces include ground detachments and surface vessels, it said.

Zhang Junshe, a Chinese military expert, told the Global Times on Sunday that the exercise displays the participating countries' mutual trust and common will in safeguarding regional peace and stability.

The South China Sea is one of the world's most pirates-infested regions, making piracy a common threat faced by all countries in the region, and that is why the exercise will focus on counter-terrorism and anti-piracy, Zhang said.

Observers noted that the exercise comes at a time when the Philippines has made repeated provocations since August against China vis-à-vis Chinese islands and reefs in the South China Sea.

Some countries participating in the Aman Youyi-2023 exercise also have maritime disputes in the South China Sea, but they chose the right approach, which is not to let disputes affect friendship and cooperation and jointly safeguard regional peace and stability, Zhang said.

Military expert Song Zhongping told the Global Times on Sunday that under incitement from the US, the Philippines is not playing a positive role in the negotiations for the Code of Conduct (COC) on the South China Sea, bringing uncertainties to the region.

But other ASEAN members understand that there must be no chaos in the South China Sea in order for ASEAN to develop, Song said.

"The US, as a country from outside of the region, does not want the signing of the COC or a peaceful South China Sea. The interference of such external interference must be rejected," Song said.

It is also important for other ASEAN members to persuade the Philippines to safeguard ASEAN's common interests, experts said.

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US shadow grows over South China Sea

Experts warn of potential violent clashes, call for relevant countries to engage in talks 


A Philippine vessel approaches a China Coast Guard vessel in a dangerous manner and leads to a bump in waters off China's Ren'ai Reef in the Nansha Islands in the South China Sea on October 22, 2023. Photo: Screenshot from a video released by China Coast Guard

In a video message to the Opening Ceremony of the Symposium on Global Maritime Cooperation and Ocean Governance 2023 held on Wednesday in South China's Hainan Province, China's top diplomat Wang Yi reiterated China's commitment to settling disputes and disagreements through dialogue and consultation while warning against maritime bloc confrontations.

"Disputes over maritime territory and rights and interests that are left from history should be resolved through friendly consultation between the parties directly concerned. Bloc confrontation and zero-sum games at sea must be firmly rejected," said Wang, Chinese Foreign Minister and a member of the Political Bureau of the Communist Party of China Central Committee.

Wang said China would continue to work with ASEAN countries to fully and effectively implement the Declaration on the Conduct of Parties in the South China Sea (DOC), agree on a Code of Conduct (COC) at an early date, and foster a peaceful and secure order in the South China Sea.

The remarks came amid some disturbing changes in the South China Sea, including the notably frequent provocations from the Philippines against China in the region since August. The increasing provocations have led to growing concerns about potential "violent crashes between China and the Philippines" among experts and officials who closely follow related issues.

In the latest provocative move, the Japanese government promised to give five ships to the Philippine Coast Guard (PCG) to boost its maritime security capability, as the two countries - two of the US' closest allies in Asia - are working with the US to help enhance Manila's security capabilities, according to Reuters.

Apart from the Philippines, Vietnam is also stepping up its land reclamation in the South China Sea. The country has been building a reef in the Nansha Islands and expanded its reclaimed area in the region more than four times in less than a year, according to media reports.

Although frictions, disputes, and claims of conflict have always existed in the South China Sea, some incidents are inevitable. However, it is surprising that these incidents have occurred so frequently in the context of the overall good relations between China and the Philippines, as noted by some experts.

They pointed out that the current tense situation in Ren'ai Reef has largely been caused by the overt or covert intervention of the US, calling on the Philippines to come back to bilateral dialogue to seek peaceful resolution to disputes rather than blindly following a third party's footsteps to target China as an enemy and risk aggravating the situation.

Increasing provocations

The Philippines started the recent wave of provocation over China's islands and reefs in the South China Sea on August 5, when two Philippine transport ships escorted by two Philippine coast guard ships illegally trespassed into waters off China's Ren'ai Reef of the Nansha Islands, forcing the China Coast Guard (CCG) to take lawful, necessary measures, including issuing a warning with water cannons, to block the Philippine vessels that were carrying illegal building materials.

The aim of the trespassing ships was to reinforce a Philippine warship that was illegally grounded on Ren'ai Reef in 1999. At the time, China lodged solemn representations and the Philippines promised several times to tow away the grounded vessel.

Now, 24 years has passed, and the Philippines not only has not towed away the warship, but is attempting to repair and reinforce it now that it is on the verge of disintegration, so the Philippines can occupy China's Ren'ai Reef permanently.

On August 22, the Philippines made another attempt to send illegal building materials to Ren'ai Reef, again sending two transport ships and two coast guard ships, which were again restricted by the CCG.

After the CCG restricted a third attempt by Philippine transport and coast guard ships to reinforce the illegally grounded warship on Ren'ai Reef on September 8, the Philippines switched to Huangyan Island on September 22 to divert China's attention from Ren'ai Reef and increase its bargaining chips.

Following yet another attempt to reinforce its grounded warship on Ren'ai Reef on October 4, which was also restricted by the CCG, the Philippines returned to Huangyan Island on October 10, when a Philippine navy gunboat intruded into waters off the Chinese island despite repeated warnings from the Chinese side.

The Philippine gunboat was expelled by the CCG through professional, lawful measures.

It marked the first event since the start of the Philippines' recent provocations since August that the Philippine side deployed a naval vessel to stir up trouble, which analysts said was a sign of escalation of tensions from a paramilitary level to a military level.

The Philippines then claimed that a Chinese naval vessel had shadowed a Philippine warship on October 15 near Zhongye Island, another Chinese island in the Nansha Islands, to disrupt a resupply mission.

The tensions around Ren'ai Reef again escalated on October 22, when the Philippines hyped collision events in its latest attempt to send vessels to the reef.

In the latest provocation by the Philippines, a Philippine navy corvette illegally trespassed into waters off China's Huangyan Island on October 30.

Instead of the CCG, the Chinese People's Liberation Army (PLA) Southern Theater Command organized naval and aviation forces, tracked and monitored, verbally warned, and then blocked and restricted the Philippine warship in accordance with the law.

With the involvement of military ships from both sides, observers warned of potential violent clashes between China and the Philippines in the South China Sea.

China will not step back when it comes to safeguarding national security and territory, a military expert told the Global Times on condition of anonymity, while for the Philippines, the US will not allow it to retreat.

US shadow

The US is without doubt the biggest negative element that is affecting the peaceful and stable situation of the South China Sea, Wu Shicun, president of the National Institute for South China Sea Studies, told the Global Times.

The overall situation in the South China Sea remains stable and controllable. The second round of text review consultations on the COC have been completed as planned and the third round of review has been officially initiated. At the bilateral level, China and relevant countries such as the Philippines have established emergency communication hotlines between their foreign ministries and have conducted productive dialogue, laying the foundation for the stabilization and improvement of the situation in the region. However, at the same time, there have been some disturbing changes, including increasing military presence by some external countries and bloc confrontation targeting China led by the US, Wu pointed out.

In a recent event, two sorties by a vessel-borne helicopter from the Canadian Navy's frigate HMCS Ottawa with unknown intentions approached China's territorial airspace above the Xisha Islands, and despite the PLA naval and aviation forces' lawful identification, verification and repeated verbal warnings, the Canadian helicopter not only refused to respond, but also took provocative maneuvers including flying at a very low altitude, Senior Colonel Zhang Xiaogang, a spokesperson for China's Ministry of National Defense, said in a press release on Saturday.

It marks a third provocation from the Canadian military over the past month. In mid-October, a Canadian CP-140 reconnaissance aircraft illegally entered China's airspace over Chiwei Islet, approached China's eastern coast and entered the Taiwan Straits for close-in reconnaissance, forcing the PLA Air Force to take lawful management and control measures.

On November 1, the Canadian Navy's HMCS Ottawa frigate made a transit through the Taiwan Straits together with the US Navy's USS Rafael Peralta destroyer, while the PLA handled the event in accordance with the law and regulations.

Since 2021, the US has also been building small cliques with relevant countries in or outside the South China Sea, such as the Quad Security Dialogue between the US, Japan, India, and Australia, and the trilateral cooperation between the US, Japan, and South Korea, as well as the AUKUS alliance between the US, the UK and Australia.

In May this year, the US and the Philippines signed the Bilateral Defense Guidelines. In September, the navies of the two countries launched their first joint patrol in the South China Sea.

The US is attempting to use the joint patrol as a lever to build a mechanism for coordination among the US, the Philippines, Japan and Australia in the South China Sea. These US-led cliques all regard China as an imaginary enemy, according to Wu.

The essence of the disputes over the South China Sea is the disputes over territorial sovereignty and maritime jurisdictional claims among various claimants. While China has been actively seeking and promoting a maritime cooperative mechanism to solve the disputes, the US' partiality and connivance to some claimants has encouraged provocative actions. These claimants do this to enhance their own interests and create a "fait accompli" before the COC is launched, Wu explained.

Such actions hinder the implementation of practical cooperation under the forum of the DOC, Wu noted, and he predicted consultation on the COC would enter a "deep water area" in the third round of the review.

Back to direct talks

The second round of text review for the COC was completed in July during the ASEAN-China Foreign Ministers' Meeting. The ministers agreed during the meeting to complete the COC negotiations before fall 2026, according to the Associated Press.

But the previous two rounds of review did not address core issues such as geographical scope, island construction, oil and gas extraction, and implementation mechanisms. As the negotiations enter the third round, the divergences, the conflicts and the dilemmas of all parties will gradually surface, Wu pointed out. One need not go into the details to imagine how challenging it will be for 11 countries to reach a consensus on these issues, he said.

The Philippines and Vietnam may want the COC to be launched as late as possible so that they can boost their negotiating position with the support of the US. But is the US a reliable backer for these countries? Observers hesitate on this question and have called on relevant countries to put more emphasis on direct talks rather than reliance on the intervention of a third party.

Obviously, the US is the biggest external factor in the South China Sea. It is widely believed in China that the US is behind almost all of the provocations in the South China Sea. But this is only part of the US' strategy to contain China. Another strong concern of the US is to avoid being dragged into conflict merely over land features in the South China Sea, Yang Li, executive director of the Institute for China-Europe Studies, said at a round-table meeting jointly organized by Malaysia-based think tank East West Bridge and Chinese think tank Global Governance Institution (GGI).

Some observers slammed current Philippine President Ferdinand Romualdez Marcos Jr for abandoning his predecessor's more friendly policy toward China. Instead, he has focused more on enhancing ties with the US to promote the development of his country's military capabilities. By doing this, Marcos Jr is hoping to consolidate domestic support. In addition, by constantly provoking troubles with China in the South China Sea, he also wants to test how strong the US-Philippines alliance is, observers said.

In the past six to seven years, the South China Sea dispute between the two countries has been well managed. Relevant bilateral mechanisms have been put in place and have been progressing as planned. However, the current situation between the two countries is continuously escalating. This is because the development of these events is not a simple repetition of what happened 10 years ago, but rather a significant change and deterioration in the environment.

Geopolitical tensions around the world are intensifying, and the strategic competition between China and the US is escalating. In this unfriendly environment, any incident between China and the Philippines will face greater risks. Compared with 10 years ago, today's events are more prone to spiraling out of control. Therefore, both China and the Philippines must demonstrate greater political will, employ more political wisdom, and allocate more resources to address these disputes and differences, experts said at the round-table meeting.

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Saturday, November 11, 2023

Washington and Nvidia should not be ‘Catch me if you can’, Chinese companies could also produce high-end products similar to Nvidia's A100...

 

hip Photo: VCG


According to media reports, Nvidia is planning to release three new artificial intelligence chips tailor-made for China to avoid the US government's further tightened chip export restrictions on the country. Nvidia could announce them on November 16, less than a month after Washington tightened the rules on selling high-end AI chips to China. Nvidia has refused to comment on this, but if the news is true, this will be the second time in more than a year that Nvidia has reconfigured its products for the Chinese market due to the US government's export restrictions. After all, it is compelled by Washington's policies.

In fact, while the US government continues to push forward cut-throat measures against China, US semiconductor companies have been looking for various "workarounds" to achieve the purpose of complying with government regulations while avoiding losses. In addition to the practical factor of gaining huge profits in the Chinese market, Chinese companies' accelerated independent innovation has also made them feel the pressure of competition and worry about losing their long-term advantages. In July, Intel also launched a customized AI chip for the Chinese market.

Some people say that the US government and Nvidia have started a game of "Catch me if you can." On the surface, this seems to be the case, but this metaphor blurs the essence of the issue and confuses right and wrong. The several rounds between Nvidia and the US government are the story of a high-tech enterprise that does legitimate business but encounters strong political interference in free trade, and tries every means to ensure its own survival and development. For commercial companies, this is not funny at all, and even a bit sad.

The US' chip export restrictions against China are unreasonable. They are not only harmful to China's interests, but also to the US'. More and more people have seen this and hope that Washington will make adjustments. What the US government has done makes normal and legitimate transactions tremble with fear, creating an intense atmosphere in the market. Of course, Nvidia is not the only example of US companies affected by this.

Nvidia's market value had reached $1 trillion at one point. Whenever the US government introduced restrictions on chip exports to China, its stock plummeted. However, when Nvidia sought ways to circumvent these restrictions, its stock rose. The capital market has provided the most authentic response to this matter. Revenue from the Chinese market accounts for about a fifth of Nvidia's total income. From the company's perspective, this is by no means a massive market that can be abandoned. Nvidia's attention to and persistence in the Chinese market reflect the fundamental logic of a market economy at work.

It is not difficult to imagine that as long as Washington remains committed to "choking" China, the game of "Catch me if you can" will continue indefinitely. In this sense, the "loopholes" that the US is trying to close will never be completely fixed, and they will only find themselves in an awkward situation of pressing one end of the gourd only to make the other end float up. On the other hand, this will inevitably force and accelerate the process of independent innovation in high-tech industries in China. Some industry insiders believe that there will be two "parallel universes" in the future, with China and the US each forming a complete technology industry chain and supply chain. In the context of the increasingly stringent US export control policies on chips to China, this is a very realistic expectation.

A wealth of facts has already proven that extreme pressure cannot halt China's development. The wellspring of international exchange is also essential for technological innovation. For the US, going against the tide is fundamentally impractical, and it is inevitable that future measures will face even stronger resistance from various directions. At the just-concluded sixth China International Import Expo, the total number of participating US semiconductor companies increased, with Micron Technology and Advanced Micro Devices participating for the first time. Among the exhibitors, there were also voices calling for the US to relax export controls. These legitimate appeals, juxtaposed with the political maneuvering of Washington politicians, will form a game that will only intensify the internal conflicts within the US.

China and the US will eventually return to the path of cooperation, and Nvidia's example vividly demonstrates the strength of the mutually beneficial bond. What Washington needs to do is not "closing loopholes," but to lift its gaze and recognize how extensive the common interests between China and the US are. These interests are substantial enough to accommodate the shared development of both countries. Whether it chooses to expand the cake or compete with itself, Washington doesn't have to be so entangled.

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Nvidia’s new A800 GPU chips start selling in China

chip Photo:VCG

US chipmaker Nvidia's new advanced chip A800, which complies with the US' export restrictions, is being sold on Chinese e-commerce platforms. It marks a fresh move by the company to sustain growth in the world's largest chip market, underscoring US chipmakers' dependence on China despite the Biden administration's push for "tech decoupling".

On Tuesday, stores on online marketplace Taobao were selling the Nvidia A800 graphics processing unit (GPU). According to the product description, the chip-to-chip data transfer rate is 400 gigabytes (GB) a second, compared with 600GB a second on the advanced A100. Apart from this, there are no significant differences between the two GPUs.

An anonymous Shenzhen-based Taobao store owner who sells Nvidia A800 told the Global Times on Tuesday that he has 1,000 A800 GPUs in storage, which can be delivered immediately.

A Reuters report said that Nvidia is offering the A800 chip in China. "The Nvidia A800 GPU, which went into production in the third quarter, is another alternative product to the Nvidia A100 GPU for customers in China. The A800 meets the US government's clear test for reduced export controls and cannot be programmed to exceed it," Reuters reported.

Nvidia didn't reply to a Global Times email seeking confirmation on Tuesday.

"Nvidia's new move is within expectations, as no US chipmaker is willing to lose huge Chinese market share, whatever tricks American politicians play to pressure them," Xiang Ligang, an independent tech analyst, told the Global Times on Tuesday.

"Local Chinese companies could also produce high-end products similar to Nvidia's A100. It's only a matter of time," he said, noting that a domestic startup has designed a GPU chip with better capabilities than Nvidia's, though it hasn't realized mass production.

Xiang said more US companies are expected to take action to reduce the impact of the Biden administration's restrictions and continue their business ties with Chinese customers.

According to data from industry body Semi, the sales of semiconductor equipment in the Chinese mainland reached $29.62 billion in 2021, up 58 percent year-on-year, accounting for 29 percent of the global semiconductor equipment market.

In August, the Biden administration prohibited Nvidia and AMD from exporting sophisticated chips to China in a fresh move of intensifying containment of China's high-tech sector.

The GPU is one of the most important types of computing components and has been widely used in applications including graphics and video rendering, artificial intelligence and creative production. Prior to the ban, Nvidia accounted for about 95 percent of China's AI and supercomputing chip market share, data showed.

Nvidia said in a previous statement that the Biden administration's export ban would make the company lose approximately $400 million in potential sales to China in the third quarter. The company will report quarterly results next week.

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Chip sector – from crisis to recovery | The Star

https://www.thestar.com.my/business/business-news/2023/11/11/chip-sector---from-crisis-to-recovery#:~:text=Back%20on%20track%3A%20The%20semiconductor,the%20development%20of%20the%20nation.


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