U.S. sanctions hand China opportunity to be chip kingpins | WHAT REALLY HAPPENED

U.S. sanctions hand China opportunity to be chip kingpins

The recent announcement by German car manufacturing behemoth Volkswagen AG, that they will have to significantly reduce their production over the next coming months, due to the global chip shortage is just another illustration of the impact the crisis is having on multiple industries worldwide.

The beginning of the global chip shortage can be traced back to the heavy-handed tactics pursued by the U.S. government in its treatment of Chinese ICT vendors.

The United States placed some Chinese technology companies on trade blacklists, but that decision has caused a series of economic ramifications that U.S. legislators in Washington did not foresee when they engaged in a trade war with Beijing.

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