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US-China Tech Rivalry Grows
Analysts predicted that the Democrats’ gaining control of Congress after the midterm elections would heighten tensions with China over Taiwan and intensify technological competition, even though the newly elected lawmakers will not take office until January. The U.S. administration is seeking to contain tensions through planned meetings between the two countries’ leaders in Shenzhen and Miami, while a review of tariffs remains an economic priority. Concerns center on Taiwan, a hub for semiconductor manufacturing, amid the possibility of tighter export restrictions on processing and AI equipment, as Beijing accelerates the development of its domestic technologies.
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