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A U.S. ban on the transfer of semiconductor technology to China will wreak havoc on the lives of Americans working in the Middle Kingdom, said Steven Okun, a former Transportation Department official and U.S. political analyst.
Speaking at an American Club event in Singapore on Thursday, Okun said the rules announced last Friday would not only stop AI chips and semiconductor manufacturing equipment from reaching China — they would also force American citizens working at Chinese companies to leave their jobs.
Okun, a deputy general counsel at the Department of Transportation under Clinton and now CEO of APAC Consultants, offered the following observation:
Okun says hundreds of Chinese American semiconductor, AI and other tech industry workers are breaking US law just by going to work every day.
“Here’s a real legal issue. [Chinese American tech workers] They didn’t think they would have to meet,” Okun added.
Okun also said the Biden administration would certainly plan to impose restrictions on foreign investment focused on China. He explained.
In countries like Singapore, venture capital firms that invest in Chinese tech companies and raise funds from sources that include US citizens must seek Uncle Sam’s approval before buying Chinese companies.
“No matter what happens in the mid-term elections, this is coming,” said the CEO.
With regard to the US mid-term elections and the potential for foreign hacking and interference, Okun said such activity cannot be reduced – but “Putin is very involved in Ukraine” because Russian interference has decreased.
“The concern is not always about hacking of voting systems and people changing the votes, but about misinformation and influence,” he added. ®
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