in recent weeks, we'd heard that companies making drones for the war in Ukraine had seen supplies capped or cut off. next big escalation in trade war. here's the story (w/ @mackhawk.bsky.social, @gmvolpi.bsky.social & others)🎁link

China imposed new export controls on the US for critical minerals. Will they be effective? We're skeptical. Read the full piece on the Terminal. blinks.bloomberg.com/news/stories...

Microchip CEO Sanghi’s remarks about pausing the company’s Chips Act application speak to one of the key challenges of semiconductor industrial policy Government officials have to make long-term bets in an industry that’s intensely cyclical:

Microchip has paused its Chips Act application process, the CEO said Tuesday, confirming our earlier reporting The company was in line for $162m. It’s struggling with too much inventory & said Monday it’ll shutter a plant in Arizona www.bloomberg.com/news/article...

In response to new US chip curbs: - Beijing banned exports to US of gallium, germanium, antimony & superhard materials; will place tighter controls on graphite - Chinese internet, semiconductor & auto industry groups urged caution when buying US chips www.bloomberg.com/news/article...

Intel CEO Pat Gelsinger was forced out after the board lost confidence in his plans to turn around the iconic chipmaker, adding to turmoil at one of the pioneers of the technology industry Via my colleagues Ian King, Liana Baker & Ryan Gould www.bloomberg.com/news/article...

Japan is spending another $9.9 billion in chips and AI to keep pace with China and the US on technologies policymakers see as key to national security www.bloomberg.com/news/article...

Biden admin plans to unveil new chip export controls on China as soon as next week, as WIRED first reported (though timing has slid before & could slide again) Latest draft — not yet final — includes fewer Huawei supplier sanctions than earlier proposals www.bloomberg.com/news/article...

South Korea is eyeing $10.2 billion in support for domestic chipmakers next year www.bloomberg.com/news/article...

Intel has reached a final deal for a nearly $7.9b Chips Act grant & will get at least $1b of that this year The award is smaller than what was proposed in March (not bc of Intel’s financial woes, but rather bc of a military chips deal) Free link &🧵: 1/ www.bloomberg.com/news/article...