When The Chips Are Down

The chips were down on Wednesday. Literally. Semiconductors were summarily shellacked following a Bloomberg report that the Biden administration's weighing more export curbs in a bid to further curtail Xi Jinping's access to advanced technology. Long story short (and the short version's really all you need here) current restrictions haven't done enough to stymie China's efforts to develop better chips. So The White House is mulling "draconian" measures aimed at cutting Beijing off from ASML an