Tag: Competition

Banning Chinese Cars Is Dangerous And Self-Defeating

Tina Marie (Ms. Cat)

Banning Chinese Cars Is Dangerous And Self-Defeating

Significantly, the administration is justifying the rule on national security grounds. As Commerce Secretary Gina Raimondo said, “Cars today have cameras, microphones, GPS tracking, and other technologies connected to the internet. It doesn’t take much imagination to understand how a foreign adversary with access to this information could pose a serious risk to both our national security and the privacy of U.S. citizens.”

Meanwhile:

Mozilla: Modern Cars Are A Privacy Shitshow

All 25 car brands we researched earned our *Privacy Not Included warning label — making cars the official worst category of products for privacy that we have ever reviewed.

The 4 Key Strengths of China’s Economy — and What They Mean for Multinational Companies

Tina Marie (Ms. Cat)

China’s hybrid “state capitalist” system, driven by centralized planning and fierce competition, has led to dominance in critical technological fields and emerging markets. Western multinational corporations are advised to adopt a pragmatic approach to capitalize on four key strengths of China’s economy: its innovation ecosystem, its investment in the Global South, its ultra-competitive markets, and its vast consumer base. Those who fail to engage risk losing global revenue and strategic opportunities.

The 4 Key Strengths of China’s Economy — and What They Mean for Multinational Companies

China’s enormous subsidies come from trading profits. US and European subsidies come from taxpayers.

Tina Marie (Ms. Cat)
Inside China Business.

CATL and SMIC are two giant Chinese companies that are often singled out by Western think tanks as two firms who benefit from China’s subsidies, at the expense of foreign competition.

But all industrialized countries employ government subsidies, which help favored domestic industries grow. China, however, uniquely can invest in preferred sectors by channeling its massive trading surpluses, and providing low-cost access to its world-leading supply chains and logistics systems.

In contrast, North American and European companies who seek government incentives and subsidies are competing with other spending priorities, as all the funds come from taxpayers. This reality requires of companies seeking government help to do so through proxies, lobbying efforts, and through think-tanks who create research that can be published and used by lawmakers to justify the use of taxpayer funds.

China’s enormous subsidies come from trading profits. US and European subsidies come from taxpayers

Intel shares fall 20% on plans to cut 15,000 jobs

Tina Marie (Ms. Cat)

Intel on Thursday revealed drastic plans to slash its employee headcount and capital spending in an attempt to put its business back on a stable financial footing, as it suffered the latest setback in its slow-moving turnaround plans.

Intel shares fall 20% on plans to cut 15,000 jobs

Related:

US CHIPS Act Funding for Intel

On March 20, 2024, the U.S. Department of Commerce and Intel Corporation announced a preliminary memorandum of terms under which Intel will receive approximately $8.5 billion in direct funding under the CHIPS and Science Act. Funding will help advance Intel’s critical semiconductor manufacturing and research and development projects at sites in Arizona, New Mexico, Ohio and Oregon – U.S. locations where the company produces some of the world’s most advanced chips and semiconductor packaging technologies.

Meanwhile, in China:

China’s ‘basic self-sufficiency’ in chip-making tools could come this summer, veteran says

Tesla and Apple’s poor China showing

Tina Marie (Ms. Cat)

American tech giants Tesla and Apple are suffering as they face intense competition from Chinese competitors. Elon Musk’s EV company reported a 55% drop in profit and 9% drop in first-quarter revenue Tuesday, its biggest year-on-year fall since 2012. Analysts began forecasting trouble for Musk’s EV empire after Tesla announced price cuts in China. Apple, meanwhile, saw a 19% dip in smartphone shipments to China this quarter, its worst performance since 2020, as it lost ground to local competitors like Huawei. Chinese smartphones are cheaper than iPhones, and have gained traction with more premium design and software features.

Tesla and Apple’s poor China showing