Mackenzie Hawkins
@mackhawk.bsky.social
I cover tech/geopolitics for @bloomberg.com & mostly write about chips. mhawkins71@bloomberg.net/mackhawk.71 on Signal
The Biden admin unveiled the new semiconductor controls yesterday, escalating a yearslong campaign to limit China’s chip progress — but stopping short of earlier proposals that would have sanctioned more key Chinese firms
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
US Tightens Curbs on China’s Access to AI Memory, Chip Tools
The US unveiled new restrictions on China’s access to vital components for chips and AI, escalating a campaign to contain Beijing’s technological ambitions but stopping short of earlier proposals that...
www.bloomberg.com
December 3, 2024 at 12:58 PM
The Biden admin unveiled the new semiconductor controls yesterday, escalating a yearslong campaign to limit China’s chip progress — but stopping short of earlier proposals that would have sanctioned more key Chinese firms
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
For more on the past several months of chip toolmaker lobbying & US negotiations with Japan & the Netherlands…
1. www.bloomberg.com/news/article...
2. www.bloomberg.com/news/article...
3. www.bloomberg.com/news/article...
4. www.bloomberg.com/news/article...
1. www.bloomberg.com/news/article...
2. www.bloomberg.com/news/article...
3. www.bloomberg.com/news/article...
4. www.bloomberg.com/news/article...
US Floats Tougher Trade Rules to Rein In China Chip Industry
The Biden administration, facing pushback to its chip crackdown on China, has told allies that it’s considering using the most severe trade restrictions available if companies such as Tokyo Electron L...
www.bloomberg.com
November 28, 2024 at 3:43 AM
For more on the past several months of chip toolmaker lobbying & US negotiations with Japan & the Netherlands…
1. www.bloomberg.com/news/article...
2. www.bloomberg.com/news/article...
3. www.bloomberg.com/news/article...
4. www.bloomberg.com/news/article...
1. www.bloomberg.com/news/article...
2. www.bloomberg.com/news/article...
3. www.bloomberg.com/news/article...
4. www.bloomberg.com/news/article...
Key change — as it stands today — is which Chinese firms will go on the entity list. Biden admin had mulled sanctioning 6 Huawei suppliers, incl. CXMT, & knew of at least 6 more
The latest rules sanction only some of those 6, a list we reported in March: www.bloomberg.com/news/article...
The latest rules sanction only some of those 6, a list we reported in March: www.bloomberg.com/news/article...
US Weighs Sanctioning Huawei’s Secretive Chinese Chip Network
The Biden administration is considering blacklisting a number of Chinese semiconductor firms linked to Huawei Technologies Co. after the telecom giant notched a significant technological breakthrough ...
www.bloomberg.com
November 28, 2024 at 3:43 AM
Key change — as it stands today — is which Chinese firms will go on the entity list. Biden admin had mulled sanctioning 6 Huawei suppliers, incl. CXMT, & knew of at least 6 more
The latest rules sanction only some of those 6, a list we reported in March: www.bloomberg.com/news/article...
The latest rules sanction only some of those 6, a list we reported in March: www.bloomberg.com/news/article...
The current proposal would still exempt Japan & the Netherlands (meaning Tokyo Electron & ASML) from additional restrictions on chip equipment sales, as we reported in July: www.bloomberg.com/news/article...
& would also curb HBM sales, as we reported then: www.bloomberg.com/news/article...
& would also curb HBM sales, as we reported then: www.bloomberg.com/news/article...
ASML, Tokyo Electron Gain on Report US Allies Exempt From Curbs
The US is preparing to exclude semiconductor-equipment makers in the Netherlands and Japan from its latest round of restrictions targeting China, people familiar with the situation said, while warning...
www.bloomberg.com
November 28, 2024 at 3:43 AM
The current proposal would still exempt Japan & the Netherlands (meaning Tokyo Electron & ASML) from additional restrictions on chip equipment sales, as we reported in July: www.bloomberg.com/news/article...
& would also curb HBM sales, as we reported then: www.bloomberg.com/news/article...
& would also curb HBM sales, as we reported then: www.bloomberg.com/news/article...
Germany is actually trying to do this & earmarked €10b for Intel from the EU Chips Act
Then Intel delayed its Magdeburg fab by at least two years (along with delays in Poland & Malaysia)
www.bloomberg.com/news/article...
Then Intel delayed its Magdeburg fab by at least two years (along with delays in Poland & Malaysia)
www.bloomberg.com/news/article...
Intel’s German Plant Delay Lands a Blow to EU’s Chip Ambitions
Intel Corp.’s decision to postpone its planned factory in Germany marks a setback for the European Union’s semiconductor ambitions and will reignite controversy in Berlin over where to allocate €10 bi...
www.bloomberg.com
November 26, 2024 at 6:42 PM
Germany is actually trying to do this & earmarked €10b for Intel from the EU Chips Act
Then Intel delayed its Magdeburg fab by at least two years (along with delays in Poland & Malaysia)
www.bloomberg.com/news/article...
Then Intel delayed its Magdeburg fab by at least two years (along with delays in Poland & Malaysia)
www.bloomberg.com/news/article...
This is very kind!! Thank you for reading
November 26, 2024 at 3:08 PM
This is very kind!! Thank you for reading
Zooming out: The Biden admin has now finalized almost 50% of $39b in Chips Act manufacturing funds
Officials still have almost 20 preliminary deals to close — & more than $2b left to allocate (to say nothing of R&D funding)
Trump’s win sets a clear deadline: www.bloomberg.com/news/article...
7/7
Officials still have almost 20 preliminary deals to close — & more than $2b left to allocate (to say nothing of R&D funding)
Trump’s win sets a clear deadline: www.bloomberg.com/news/article...
7/7
November 26, 2024 at 2:41 PM
Zooming out: The Biden admin has now finalized almost 50% of $39b in Chips Act manufacturing funds
Officials still have almost 20 preliminary deals to close — & more than $2b left to allocate (to say nothing of R&D funding)
Trump’s win sets a clear deadline: www.bloomberg.com/news/article...
7/7
Officials still have almost 20 preliminary deals to close — & more than $2b left to allocate (to say nothing of R&D funding)
Trump’s win sets a clear deadline: www.bloomberg.com/news/article...
7/7
Things got trickier after Intel’s disastrous Aug. earnings report
Some sticking points in talks this fall:
1. How much info Intel would disclose about its tech roadmap: www.bloomberg.com/news/article...
2. What happens in the event of an acquisition or spinoff: www.bloomberg.com/news/article...
6/
Some sticking points in talks this fall:
1. How much info Intel would disclose about its tech roadmap: www.bloomberg.com/news/article...
2. What happens in the event of an acquisition or spinoff: www.bloomberg.com/news/article...
6/
Intel’s Money Woes Throw Biden Team’s Chip Strategy Into Turmoil
The Biden-Harris administration’s big bet on Intel Corp. to lead a US chipmaking renaissance is in grave trouble as a result of the company’s mounting financial struggles, creating a potentially damag...
www.bloomberg.com
November 26, 2024 at 2:41 PM
Things got trickier after Intel’s disastrous Aug. earnings report
Some sticking points in talks this fall:
1. How much info Intel would disclose about its tech roadmap: www.bloomberg.com/news/article...
2. What happens in the event of an acquisition or spinoff: www.bloomberg.com/news/article...
6/
Some sticking points in talks this fall:
1. How much info Intel would disclose about its tech roadmap: www.bloomberg.com/news/article...
2. What happens in the event of an acquisition or spinoff: www.bloomberg.com/news/article...
6/
The March spat over Intel’s military award delayed all the big preliminary announcements bc it wasn’t clear how Commerce would make up the shortfall
They ultimately scrapped a commercial R&D program — & folded some of the new obligations into Intel’s existing $
From Sept:
5/
They ultimately scrapped a commercial R&D program — & folded some of the new obligations into Intel’s existing $
From Sept:
5/
November 26, 2024 at 2:41 PM
The March spat over Intel’s military award delayed all the big preliminary announcements bc it wasn’t clear how Commerce would make up the shortfall
They ultimately scrapped a commercial R&D program — & folded some of the new obligations into Intel’s existing $
From Sept:
5/
They ultimately scrapped a commercial R&D program — & folded some of the new obligations into Intel’s existing $
From Sept:
5/
Why did US officials reduce Intel’s grant?
It’s not bc of Intel’s business problems. It’s bc the Pentagon/Congress forced Commerce to spend $3b on Intel’s military chips award
We reported in March that the move could lower the total $ for Intel: www.bloomberg.com/news/article...
4/
It’s not bc of Intel’s business problems. It’s bc the Pentagon/Congress forced Commerce to spend $3b on Intel’s military chips award
We reported in March that the move could lower the total $ for Intel: www.bloomberg.com/news/article...
4/
November 26, 2024 at 2:41 PM
Why did US officials reduce Intel’s grant?
It’s not bc of Intel’s business problems. It’s bc the Pentagon/Congress forced Commerce to spend $3b on Intel’s military chips award
We reported in March that the move could lower the total $ for Intel: www.bloomberg.com/news/article...
4/
It’s not bc of Intel’s business problems. It’s bc the Pentagon/Congress forced Commerce to spend $3b on Intel’s military chips award
We reported in March that the move could lower the total $ for Intel: www.bloomberg.com/news/article...
4/
Intel decided not to take $11b in loans
It’s the third major company to turn down loans, along w Samsung (all along) & GlobalFoundries (in final deal)
Chips Act $75b loan authority will be *way* underutilized. Important to note when thinking about future industrial policy
3/
It’s the third major company to turn down loans, along w Samsung (all along) & GlobalFoundries (in final deal)
Chips Act $75b loan authority will be *way* underutilized. Important to note when thinking about future industrial policy
3/
November 26, 2024 at 2:41 PM
Intel decided not to take $11b in loans
It’s the third major company to turn down loans, along w Samsung (all along) & GlobalFoundries (in final deal)
Chips Act $75b loan authority will be *way* underutilized. Important to note when thinking about future industrial policy
3/
It’s the third major company to turn down loans, along w Samsung (all along) & GlobalFoundries (in final deal)
Chips Act $75b loan authority will be *way* underutilized. Important to note when thinking about future industrial policy
3/
First, the basics:
Intel’s grant will support projects in AZ, OR, NM & OH
The first 3 will get some $ this year because they’ve hit milestones. Ohio is delayed & hasn’t yet qualified for any $
The grant doesn’t cover Intel’s 2nd Ohio fab bc it’ll come online after 2030
2/
Intel’s grant will support projects in AZ, OR, NM & OH
The first 3 will get some $ this year because they’ve hit milestones. Ohio is delayed & hasn’t yet qualified for any $
The grant doesn’t cover Intel’s 2nd Ohio fab bc it’ll come online after 2030
2/
November 26, 2024 at 2:41 PM
First, the basics:
Intel’s grant will support projects in AZ, OR, NM & OH
The first 3 will get some $ this year because they’ve hit milestones. Ohio is delayed & hasn’t yet qualified for any $
The grant doesn’t cover Intel’s 2nd Ohio fab bc it’ll come online after 2030
2/
Intel’s grant will support projects in AZ, OR, NM & OH
The first 3 will get some $ this year because they’ve hit milestones. Ohio is delayed & hasn’t yet qualified for any $
The grant doesn’t cover Intel’s 2nd Ohio fab bc it’ll come online after 2030
2/