Pelosi doesn't want to stay on for another term, but she says she feels such "gratitude" to the people of San Francisco for having elected her for 35 years, so feels duty-bound to gift them with 2 more years of herself.
Her city has thrived so much and she wants to keep giving:
Chinese state-owned telecommunications company, China Mobile, will no longer be selling iPhones in retaliation to the US banning the sale of Huawei phones.
Apple will lose out on the world’s biggest market.
The US restricted export of semi-conductors to China in the belief that it would strangle the Chinese economy. China made their own.
Huawei just released the new Mate 60 Pro that has new Chinese made chips by the state-owned Semiconductor Manufacturing International Corporation.
The more I think about it, the more the I realize how huge this news actually is, how big a win it is for China, and how big a loss for the US.
In one simple move, China basically proved that the enormous years-long efforts the US put to destroy both Huawei and the Chinese semiconductor industry have been defeated.
In typical Chinese fashion - words are cheap in China, you prove yourself with deeds - they didn't make any announcements about it. Huawei didn't even communicate on the product launch, the phone just showed up in their store. And that was coincidentally on exactly the same day as the visit of US Commerce Secretary Gina Raimondo, who had vowed to "slow China's innovation rate". Talk about symbolism!
People had to look inside the phone to find out it is equipped with Huawei’s in-house Kirin 9000s processor, which is apparently made by Chinese semiconductor firm SMIC using a 2nd generation 7nm-class fabrication process. Less than one year ago, when the US introduced its sweeping set of sanctions against the Chinese semiconductors industry, "experts" vowed it would kill the industry or at least freeze its technological progress at the 28 nm chips China were at back then. Fast forward to now: China can evidently mass-produce 2nd generation 7nm chips entirely indigenously. The iPhone 14 Pro has 4nm chips so China is now almost on par, maybe just 1 or 2 years behind but catching up at an insane speed.
So what has the US managed to do? They've transformed Huawei into an incredibly more resilient company and have made China build an entirely indigenous semiconductors ecosystem, which wasn't the case at all before the sanctions, and which I am sure will prove to be a formidable competitor to other semiconductor companies out there.
Because other countries have been paying attention here. They now know that it's super dangerous to source semiconductors with Western firms as the US won't hesitate to weaponize the industry for geopolitical ends. So they'll turn to Chinese firms...
What about Huawei's new phone? You can absolutely bet Huawei will end up eating a significant market share from Apple - as was the case before the sanctions. Especially in China where patriotic Chinese will undoubtedly rush to buy the phone, now a symbol of China's technological might.
So it's lose, lose, lose for the US. Much more loss than if they hadn't done any of their aggressive actions against Huawei or China's chip sector.
Which again goes to show just how utterly pointless this new "cold war" is. Had the US decided to remain in engagement mode instead of "extreme competition" mode (as they call it), they'd have been much better off.
In a word: hubris.
Huawei’s new phone powered by it’s own chip is a huge blow to the U.S. sanctions.
When you sanction China, you just give her more incentives to develop it’s technology and be less depend on you.
In 1973, FedEx had $5,000 in the bank and a $24,000 fuel bill.
Founder Fred Smith couldn’t get a loan fast enough.
He took $5,000 to Vegas and won $27,000 playing blackjack, buying time to raise more money.
Today, FedEx generates more revenue than casinos on the Vegas strip.
Male depression is nearly always a result of learned helplessness, but health providers treat it like female depression and try to make men feel loved instead of powerful.