How the escalating U.S.-China tech war could hurt American companies ...Middle East

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How the escalating U.S.-China tech war could hurt American companies
Smartphones. Cars. Toasters. Fighter jets. While vastly different on the outside, all four items share something similar on the inside: semiconductors. “There’s no tech industry without semiconductors,” said Stacy Rasgon, senior semiconductor analyst at Bernstein Research. Semiconductors represent a $574 trillion industry globally and are on pace to cross the trillion-dollar mark by the end of the decade. The industry has been caught in the crosshairs between the U.S. and China, two of the world’s largest economies. The U.S., which leads the world in global semiconductor market share, recently issued sweeping restrictions on the sale of advanced chips and chipmaking equipment to China, in

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