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GulfLander

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France evacuates Madagascar president amid protests and army revolt
Madagascar’s president Andry Rajoelina has been evacuated from the country by a French military plane as protests and a military mutiny threaten to topple his government, RFI has confirmed.
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iewgnem

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Overbom said:
Good move. Nexperia might have to shut down operations or part of them depending on how important is their assembly site in Guangdong

Let's kill the company
"it will only be lifting a stone to hit your foot"
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I think there is still room for interpretation and expansion, but those will take time.
Chips are almost always soldered onto boards before exported so right now this only de-facto nationalized Nexperia's China fabs without actually disrupting their business or taking ownership.
Next step would be to actually prohibit their export in general even after soldering, and make it applicable to chips made anywhere, i.e. effectively ban their use globally outside China, but this will require OEMs to design out Nexperia chips which will take time.
Good thing is Nexperia chips are all standard packages pin compatible with dozens of other manufactures, including Chinese brands, so in 99% of the time it just require a BOM line change and minor testing instead of redesign.

Honestly I don't think Nexperia is important enough as punishment for Netherlands, sanctioning NXP would be a much bigger blow to European semiconductor.
 
FriedButter

FriedButter

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Bessent tells the FT that struggling China wants ‘to pull everybody else down with them’​

Treasury Secretary Scott Bessent accused China of trying to weaken the global economy by slapping export controls on resources vital for technology.

In an interview with the Financial Times, Bessent said the moves over rare earths and minerals are an attempt by China “to pull everyone else down with them.”

“If they want to slow down the global economy, they will be hurt the most,” he said.

The move by China comes just ahead of a scheduled meeting between President Donald Trump and China’s Xi Jinping.

In an Oct. 9 announcement Beijing said it won’t allow the export of rare earths materials for military use, the first time it has targeted that specific use. The U.S. uses rare earths magnets for many of its most important weapons systems such as the F-35 warplane, Tomahawk missiles and smart bombs.

Trump has responded with 100% tariffs on Chinese goods starting Nov. 1 and has threatened to cancel the meeting with Xi. Markets have been volatile since the dispute escalated, with Wall Street stock averages down sharply to start the day Tuesday.

“They are in the middle of a recession/depression, and they are trying to export their way out of it. The problem is they’re exacerbating their standing in the world,” Bessent told the FT.
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US Treasury secretary tells FT that Beijing’s export controls are ‘a sign of how weak their economy
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“They are in the middle of a recession/depression, and they are trying to export their way out of it. The problem is they’re exacerbating their standing in the world,” Bessent told the FT.
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Meanwhile, 99.9% of US GDP growth is coming from data centers.

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PopularScience

PopularScience

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“They are in the middle of a recession/depression,”
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added, “and they are trying to export their way out of it. The problem is they’re exacerbating their standing in the world.” (
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. Its exports rose 8.3% in September, and the World Bank expects China’s GDP to grow 4.8% this year. U.S. growth is forecast at 1.4%.)

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