Beijing Bytes: US-China Tech War Updates

This is your Beijing Bytes: US-China Tech War Updates podcast.

Hey listeners, Ting here with your hypercharged Beijing Bytes: US-China Tech War Updates for November 10, 2025! Forget popcorn—grab your firewall, because the past two weeks have been a cyber-thriller.

Let’s zap right in: the cybersecurity world is still reeling from the massive Knownsec breach. On November 2, hackers essentially kicked in the front door of China’s leading cybersecurity firm—known for cozy ties with both Beijing and Tencent. What did they walk out with? A digital goldmine: 12,000 classified files revealing state-sponsored cyber weapons, custom hacking tools, and an eye-popping global target list. Think 95GB of immigration data from India, 3TB of South Korean telecom call records, and even Taiwan’s road planning data. Researchers describe it as “unprecedented access into China’s cyber war room”—a peek everyone’s been dying for, unless you’re Beijing.

China’s official response was, classic: “We see nothing, we know nothing,” courtesy of Foreign Ministry spokesperson Mao Ning. Privately though, you can bet teams from the Ministry of State Security are working overtime. What’s wild is the toolkit they lost—a full arsenal for attacking Windows, Linux, iOS, and even sneaky Android malware pulling data from Telegram and WeChat. Even a Trojan power bank! No more trusting that free charger at the airport, folks.

Now, over to policy shifts. Just days after the Xi-Trump meetup in Seoul, Beijing dropped the hammer: state-funded data centers must ban foreign AI chips. This move, coming right after a temporary ceasefire in the chip export war, signals deepening digital self-reliance. Chinese leaders—hello Premier Li Qiang—are broadcasting confidence in homegrown chip design. The plan? Achieve “algorithmic sovereignty” by 2027. That $47 billion semiconductor fund is boosting domestic giants like SMIC and Biren; meanwhile, stocks in Nvidia took a beating as Chinese buyers dry up.

Meanwhile, on the American side, the Bureau of Industry and Security put the brakes on new export controls post-ceasefire, not wanting to escalate further. But don’t mistake this for détente. The expiration of the Cybersecurity Information Sharing Act in late September is quietly hamstringing US cyber defenses. Since the law lapsed, industry threat sharing is down by over 70%. Hospitals, banks, even the power grid—everyone’s slower to detect and react. Think of it as running a 100-meter dash with lead shoes, while Beijing’s hackers just found rocket boots in their Christmas presents.

Let’s connect the dots: experts at the Center for Security Policy call AI the “new cold war.” If China reaches its 2030 AI supremacy target, they’ll set global tech standards, not the US. That means Western firms may have to play by Beijing’s rules, from autonomous weapons to affordable humanoid robots rolling out of factories like dumplings at dinnertime. Secretary of State Marco Rubio hasn’t budged on Taiwan support, so

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If you’ve been tracking US-China tech drama, buckle up—Ting’s got your instant replay and expert analysis. This fortnight, the biggest headline? Beijing and Washington just called a cautious timeout. At the post-Busan summit, Xi Jinping and Donald Trump agreed on a one-year truce, which kicked off with China suspending its gnarly bans on gallium, germanium, and antimony exports to the US. These aren’t just your everyday metals—think the special sauce for chips, fiber optics, and solar panels. With China holding over 90% of global supply for gallium, exporters from Europe down to Southeast Asia have been in panic mode since Beijing imposed the ban last December in retaliation for Washington’s crackdown on advanced chipmaking kit. Suddenly, with the new deal, firms on both sides are breathing a little easier.

Don’t forget, this thaw goes both ways—Trump agreed to slash those punitive tariffs on key Chinese imports and ease up on the fentanyl-related measures. Farmers in the Midwest might just pop some baijiu in thanks. But no one’s kissing and making up. Analysts at the Centre for Strategic and International Studies warn this is just a tactical pause, not a strategic breakthrough. The rivalry—especially over semiconductors and AI—continues to simmer, and Wall Street’s already betting on new flashpoints by next year.

Meanwhile, the cyber battlefront is an absolute warzone. You might’ve caught that the Congressional Budget Office—the US government’s number crunchers—reported a serious breach likely traced to Chinese state-backed hackers. They may have scooped up sensitive communications between lawmakers during the longest US government shutdown on record, while most cyber defenders were furloughed. As if that weren’t enough, Salt Typhoon—a Chinese team active since 2019—was officially labeled a national security crisis by the FBI and CISA. According to recent advisories, Salt Typhoon’s latest exploits may have hit 200 companies across 80 countries, hammering telecom giants like AT&T, T-Mobile, and Verizon, even sneaking around critical infrastructure for old-school espionage and disruption.

There’s fresh proof that Chinese groups have been exploiting newly discovered “zero-day” vulnerabilities, like the Lanscope flaw, to plant themselves in US policy think tanks and non-profits—part of a wider playbook to shape or at least pilfer sensitive debate around US-China tech policy. Security Affairs highlighted how new backdoors like “SesameOp” now stealthily control compromised systems using generative AI tools, making detection much trickier.

Cyber experts are calling 2025 the year compliance finally gave way to real resilience. Gartner analysts say US and Chinese companies are shifting from just checking security boxes to full-on defense transformations. Everyone’s suddenly obsessed with finding the right mix of “process-aware monitoring” and behavioral analytics to spot threats that hid

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This is Ting, your favorite cyber sleuth and Beijing Bytes host, coming at you with the warp-speed rundown on the latest in the US-China tech war. Buckle your seatbelts, because the last two weeks have been a turbocharged tangle of cyber exploits, chip crackdowns, and political curveballs.

First, on the cyber front, US government inboxes are ringing off the hook. According to CNN and Politico, the Congressional Budget Office just suffered a slick breach—think sensitive legislative forecasts possibly sliding into enemy hands. US officials are pointing the finger at Chinese state-backed hackers, part of Beijing’s increasingly bold bid to snag insights into American trade and budget policies. It’s just the latest in a barrage: Symantec and ESET both spotted Chinese state-aligned groups sinking digital claws into everything from US nonprofits dabbling in policy to energy grids in Central Asia and government targets across Latin America and Europe. PlushDaemon, SinisterEye, Speccom—the gang’s all here, leveraging everything from aging Apache exploits to adversary-in-the-middle attacks. Even obscure Android spyware is turning up. If you’re counting, it’s clear: China’s cyber ops are getting not just wider, but weirder and more persistent.

Now, hardware hawks, the big ticket is Nvidia. The Biden administration didn’t just press pause—they slammed the button down, blocking Nvidia from selling its pared-back B30A AI chips to China, as reported by The Information and echoed everywhere from Economic Times to Tom's Hardware. Even after last month’s summit detente between Donald Trump and Xi Jinping in Busan, the US is doubling down on restrictions. Nvidia’s CEO Jensen Huang, never one to shy from this dance, claims that denying China US chips might backfire by pushing more top AI talent eastwards. Meanwhile, Beijing flipped the table, banning domestic tech giants from buying those GPUs altogether. That’s a double blow: Nvidia’s China market share, once 95%, is a whisper now.

But wait—trade winds are shifting, if temporarily. Just days after tightening rare earths and battery exports, China’s Ministry of Commerce announced a surprise: export controls are lifted for a year, letting critical resources and key semiconductors flow back to the US and, for that matter, Europe. Yup, even the Nexperia chip crisis cooled off, restoring Dutch chip shipments after high drama. Soybeans and logs got free passage too, after Xi and Trump’s high-stakes handshake in South Korea. It’s all meant to buy negotiation time before the next blow-up, but experts like Zhao Zhijiang over at Anbound say don’t expect miracles—the tariff cease-fire is real, but tech sovereignty fights are simmering right below the facade.

Strategically, the lines are redrawing in real time. The AP just dropped an investigation revealing that past US administrations quietly greenlit exports of sensitive tech for Chinese surveillance. Meanwh

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From your cyber-whisperer Ting here in Beijing, welcome to Beijing Bytes—where the only firewall I respect is a really secure one. Listeners, buckle up, because the last two weeks in the US-China Tech War have been a wild nanosecond in global history—microchips, malware, and major power plays everywhere you look.

Let’s jump straight into the main event: the U.S. just slammed the door shut on Nvidia’s Blackwell AI chips for China, an embargo announced yesterday by the White House and President Donald Trump. These chips, the “Blackwell” flagship, are basically the Silicon Valley equivalent of lightning in a bottle—topping computing benchmarks and considered must-haves for next-generation AI models. The ban is total: not even cut-down, watered-down China-only models are getting through. Nvidia’s CEO Jensen Huang openly admitted their advanced chip market share in China went from 95% in 2022 to nearly zero this fall, though he insists true global innovation needs both U.S. and Chinese minds at the table. Too bad politicians rarely RSVP to that invitation.

Now, this is not just tech protectionism. It marks an irreversibly new phase—think “AI Berlin Wall”—with the U.S. doing all it can to keep AI military and surveillance power out of Chinese hands. In response, Beijing’s dropping a different kind of bomb: new rules command that every state-sponsored data center must rip out foreign AI chips and switch entirely to Chinese processors. That means U.S. firms like Nvidia, AMD, and Intel are being evicted from what once was a golden market. Chinese tech giants like Huawei and Cambricon are rushing to fill the gap, even if their chips are still a lap or three behind in raw speed and efficiency. Beijing is doling out energy subsidies and incentives, eager for “AI sovereignty” at any cost.

Technical pain points? Oh, plenty. American chips come with mature software stacks like Nvidia’s CUDA, the backbone of modern AI. Now, Chinese engineers face the stuttering, painful process of adapting or rebuilding entirely new toolchains, all while trying to catch up in global benchmarks. Yet, the upsides for Beijing are clear—no more dependency, and a fresh sense of digital independence, even if there are major growing pains and a learning curve higher than the Great Wall.

Meanwhile on the cyber front, the U.S. House Committee flagged a 150% surge in Chinese cyberattacks hitting American critical infrastructure. That’s not small potatoes: think energy grids, telecom, finance, manufacturing—stuff you really don’t want shadowy hackers poking into. The infamous Salt Typhoon campaign this year pried into at least nine major telecoms, allegedly grabbing law enforcement wiretap requests and even presidential candidates’ communications. The average U.S. data breach is now a $10 million headache, says IBM, and every American city IT manager is sleeping with one eye open and his coffee on a smart plug.

Policy-wis

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Listeners, Ting here, and you’re plugged into Beijing Bytes—the only place you get the latest US-China tech war scoop with just the right dose of snark, straight talk, and expert analysis.

Let’s slice right into the past two weeks. Did you hear about the showdown in South Korea? Trump and Xi somehow managed to hit “pause” on their economic slugfest, hammering out a one-year truce on tariffs and tech controls, but, as the Wall Street Journal and Washington Post pointed out, this is a cold war with a slightly more polite handshake. Trump dropped his 100% tariff threat, lowered fees on Chinese chemical precursors, and China agreed to buy a mountain of soybeans—good times if you farm beans, but honestly, neither side budged on semiconductor or AI export controls. These remain the battleground, and global markets just exhaled in relief that nobody stormed off the chessboard.

That brings us right to chips. Last week, Trump dropped the hammer: China is locked out of Nvidia’s bleeding-edge AI hardware. If you’re a tech watcher, this is escalation—plain and simple. Beijing isn’t saying much publicly, but you can feel the hush before the next strategic countermove. US restrictions also widened: now any company majority-owned by a Chinese entity is under the microscope, more than 20,000 entities globally according to Modern Diplomacy. Expect China to double down on indigenous chip design, commercializing its own AI—because Xi absolutely does not want permanent dependency.

While Washington spars in public, adversaries duel in shadows. Cybersecurity? The US Homeland Security Committee sounded alarms: one in six data breaches in 2025 was AI-driven. PRC-affiliated hackers ramped up attacks by 300%, with hits on the energy grid, financial services, media, and manufacturing. Salt Typhoon, a China-linked crew, compromised telco providers in 80 countries—yes, that included snooping on wiretap requests and presidential candidates' phones. Not to mention PRC operatives camped inside Littleton, Massachusetts’s public power network for months. Industry is still catching up, and the average cost of a breach in the US just shot to ten million dollars.

October saw Chinese threat actor Jewelbug infiltrate the Russian tech giant Positive Technologies and UNC5221 filch vulnerability data from F5’s BIG-IP platform—fueling fresh supply chain jitters. In fact, the US is considering a ban on TP-Link routers fearing backdoors and Beijing’s supply chain leverage. And now, China’s amendments to their Cybersecurity Law—set to kick in January 2026—will up scrutiny and penalties for foreign firms, tightening controls on data flows like never before.

Both sides see AI not just as the next economic growth engine, but the fulcrum for military advantage. Washington wants to write the global rules for military AI, urging responsible use and pushing Beijing to at least agree that when it comes to nuclear weapons, humans—no

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Ting here with Beijing Bytes, your geeky tour guide through the labyrinth that is the US-China tech standoff. No need for pleasantries, let’s plug straight into what’s really sizzled over the past two weeks, because trust me, in cyber and tech, every hour matters.

Here’s the headline: right after an almost Jerry Springer-esque trade spat, Presidents Trump and Xi Jinping just staged a shock détente at their big summit in South Korea. The White House’s new fact sheet says China has agreed to pause its rare earth export controls, which were causing absolute panic in US semiconductor circles. Meanwhile, the US is shelving some planned tariffs on Chinese tech. Think of it as an awkward tech lovers’ truce: both sides smile for cameras, but nobody’s deleting anybody from their block list. They did dangle some carrots, like China letting Nexperia BV, the Dutch chipmaker’s Chinese plants, restart their shipments—huge sighs of relief from your favorite automakers who need those chips to keep their assembly lines humming. But, as experts at CSIS point out, this is more timeout than total peace; the summit didn’t touch thornier issues like who gets to sell the hottest AI chips, or what happens in Taiwan if the saber-rattling returns.

Let’s swing over to the cyber trenches, because this week’s hacks have been wild. The cybersecurity firm Arctic Wolf uncovered a slick new espionage campaign: Chinese-linked group UNC6384, likely tied to the notorious Mustang Panda, is hitting European diplomatic missions using a just-published Windows vulnerability—CVE-2025-9491, for those keeping score. Their malware PlugX, also called Destroy RAT or Korplug if you collect malware trading cards, is now miniaturized for stealth. These attacks go far beyond digital graffiti: cyber warriors want a peek inside Europe’s defense and coordination playbooks, especially given Beijing’s growing thirst for strategic insights.

Stateside, the US Commerce and even Defense and Homeland Security are circling TP-Link, the Chinese networking giant. There’s talk of an outright ban on TP-Link's Wi-Fi routers, which currently account for up to two-thirds of US home router sales—yikes, right? At stake: national security and persistent fears that home routers could become a backstage pass for Beijing in America’s digital concert. No ban yet, but the regulatory drumroll is getting louder.

Amid all these maneuvers, China loosened up on rare earths, gallium, and graphite—core elements for chips and batteries—after the US, EU, and their own markets pushed back against supply chain saber-rattling. As US Treasury Secretary Scott Bessent told the Epoch Times and CNN, China’s aggressive export controls were a wakeup call, but the West is now charging hard to diversify those mineral supplies. The message from DC: Beijing’s monopoly days are numbered, as EU trade commissioner Maros Sefcovic and Bessent both highlight the global coalition taki

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Hey listeners, Ting here—your byte-sized guide through the electric dance of US-China tech warfare. So, what’s been shaking in the last two weeks? Strap in; it’s been a cyber rollercoaster and a regulatory chess match!

First up, the cybersecurity front lines. The Auburn University McCrary Institute just dropped a chilling report: China’s ‘Typhoon’ operations are poking and prodding critical US infrastructure—energy, water, telecom, transport, healthcare—like a curious, but relentless hacker. We’re talking Volt Typhoon in your water systems, Salt Typhoon swimming through American telecom networks, grabbing metadata from millions and even spying on senior officials. According to Microsoft and other security squads, these campaigns aren’t just about collecting secrets—they’re prepping for the big disrupt, ready to flip switches and scramble comms the moment Beijing wants serious leverage in a crisis.

Healthcare isn’t safe either. Imagine ransomware for hospitals and medical research facilities during a national security scare—not just inconvenient, but a blow to civilian and military morale. And it’s not one-off hacks; this is a broad, persistent push for dominance, making cyber defense a marathon, not a sprint.

Tech restrictions? It’s whack-a-mole season. Just as the Trump administration threatened to blitz Chinese tech firms with expanded chip bans and tariffs, last week’s summit brought a fragile truce. Trump and Xi agreed to pause most new sanctions for a year. The US is halving tariffs on China over fentanyl-related concerns, China is turning down its rare earths export controls—temporarily. But the big question is whether chip giants like Nvidia will ever get their newest Blackwell chips back into Chinese hands. Right now, Trump says, “go talk to Nvidia,” leaving the fate of China’s AI sector dangling like a loose ethernet cable.

Meanwhile, China’s homegrown heroes aren’t waiting for a handout. According to Caixin and SemiAnalysis, US restrictions have supercharged China’s push for self-sufficiency. Huawei is rolling out Ascend chips at record speed—think Atlas super nodes packed with thousands of domestic chips, capable of training massive AI models. Cambricon Technologies snagged a breakout deal with ByteDance, firing up its stock and putting “China’s Nvidia” on investors’ lips. But before you cheer, there’s a catch: these chips run on proprietary software, not Nvidia’s CUDA, kicking off a whole “iOS vs Android” battle for developers. The energy cost? Through the roof, but China’s betting big that massive scale will outweigh efficiency, especially if top-tier Western chips remain off-limits.

Over in policy-world, both Beijing and Washington are doubling down. US export controls—like the infamous Entity List—have morphed from a blunt tool into a surgical strike on advanced semiconductors. The “Affiliate Rule” threatened tens of thousands more firms, but the truce put that ch

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Hey listeners, Ting here—your favorite byte-hungry cyber sage, broadcasting straight from the datastreams of Beijing Bytes, October 29, 2025. Ready for a download on the latest moves in the global tech war? Strap in, encrypt your coffee, and let’s zip through the major US-China tech drama over the past two weeks.

First, Nexperia—the Dutch chipmaker, owned by China’s Wingtech—was hit with a Dutch government intervention. Picture this: on October 13, Amsterdam invoked the Goods Availability Act and seized temporary control of Nexperia, citing governance risks and strategic tech leakage concerns. Kinda sounds like a plot twist from Silicon Valley with a dash of Cold War vibes, right? Wingtech’s boss Zhang Xuezheng got pushed from the board, causing tempers to flare from The Hague to Beijing. In retaliation, China’s Ministry of Commerce threw up export restrictions, making Nexperia components harder to ship globally. Now US, European, and Asian carmakers—think BMW, Mercedes, Volkswagen—are scrambling for backup chips, worried about delayed launches. The global supply chain is sweating, but, as experts point out, those parts are pretty standard, so no one’s expecting a total meltdown—yet.

Switching from chips to cyber—China’s Cyberspace Administration just rolled out new cybersecurity incident reporting measures, effective November 1. Operators and critical infrastructure firms must now report PRC-impacting cyber incidents within four hours. For those dealing in sensitive tech, it’s an hour. This is one of Asia’s toughest notification regimes, aiming to clamp down on anything threatening China’s data flows or economic interests. On top of that, the revised cybersecurity law now targets AI risks and infrastructure vulnerabilities—expect more bureaucracy and maybe more surprises for Western cloud and SaaS providers operating in China.

Meanwhile, the US Congress keeps volleying new tech export bans and data rules toward Beijing. New proposed laws tried to block Chinese entities from renting top-shelf AI chips via US cloud services, but got repeatedly stonewalled by mighty American tech lobbies. Companies like Microsoft and Amazon reportedly still offer cloud access and even video surveillance storage for Chinese groups—talk about loopholes, right? Nvidia, Intel, and AMD are in the spotlight, debating how tightening further controls just spurs Chinese self-reliance and turbocharges Beijing’s homegrown AI sector.

In space, US Space Force deputy chief Brian Sidari sounded the alarm about China’s dizzying growth in launch capability. With satellite swarms doubling year-over-year—including the fresh Yaogan-45 reconnaissance system—China’s civil-military fusion strategy is stacking layers of orbital assets for military and disaster-response use. Analysts say, if Taiwan goes hot, Chinese anti-satellite lasers and electronic warfare might blind US communications and intel—a sci-fi nightmare inch

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Hey listeners, Ting here, and wow, the US-China tech war just went from cold to absolutely scorching these past two weeks. Let me walk you through what's been happening because it's wild.

So first up, China just publicly accused the NSA of hacking their National Time Service Center. Yeah, you heard that right, their time center. China's Ministry of State Security dropped this bombshell saying American intelligence has been breaking into their systems since 2022, stealing data and spying on staff through their smartphones. Now, why does a time center matter? Because accurate timekeeping isn't just about showing up on time for meetings. It's critical for everything from stock exchanges to power grids to satellite communications. Mess with that, and you could cascade chaos across entire sectors. The US embassy in Beijing didn't directly deny it but fired back saying China remains the most active cyber threat to American networks. Classic spy versus spy stuff.

But here's where it gets really interesting for the tech industry. A major new report from ITIF just revealed that export controls against Huawei completely backfired. Between 2021 and 2024, American companies like Intel, Qualcomm, and Teradyne lost over 33 billion dollars in sales to Huawei. That's billion with a B. Meanwhile, Huawei's global market share for telecom equipment actually grew from 29 percent in 2018 to 31 percent by 2024. The company launched HarmonyOS, which now has nearly a billion users and directly threatens Google's Android and Microsoft's Windows. They've even built chips that can substitute for Nvidia's H20, limiting Nvidia's global sales.

Now, amid all this cyber espionage drama and tech battles, Treasury Secretary Scott Bessent told ABC News that US and Chinese officials reached a substantial framework for an agreement. This comes just days before Trump and Xi Jinping are set to meet in person. The deal could address everything from TikTok's sale to American investors, to rare earth mineral access, to soybean markets, and even fentanyl crackdowns. Trump had threatened to slap an additional 100 percent tariff on China, which would have brought total levies to 130 percent. That would have absolutely crushed toy prices, electronics, and basically everything imported from China.

China had been threatening to restrict rare earth exports, controlling 70 percent of mining and 90 percent of processing globally. But Bessent believes they'll delay that restriction for a year. Meanwhile, American soybean farmers who lost their entire Chinese market earlier this year when China stopped buying in retaliation might finally see relief.

The strategic implications here are massive. Both nations are realizing they can hurt each other, but they're also hurting themselves. Export controls helped Chinese companies innovate faster while weakening American firms globally. The cyber accusations show how vulnerable critical in

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Hey, listeners—Ting here, your byte-sized Beijing buster and the only show host who can tell a Xi from a chipset faster than you can say semiconductor. Buckle up, because the US-China tech war has been running hotter than a GPU in a crypto mine, and the past two weeks have been a wild ride for anyone watching cyber, chips, and policy shuffles.

First, the headliner: In a plot twist straight from the ‘will-they-won’t-they’ files, US and Chinese negotiators hammered out a preliminary trade truce during the ASEAN summit in Kuala Lumpur. The headline? Both sides agreed—at least in principle—to pull back from that looming 100% tariff wall on Chinese tech imports, and Beijing’s tough new curbs on rare earth exports get the pause button for at least a year. US Treasury Secretary Scott Bessent called this a "very successful framework." President Trump and Xi Jinping are set to finalize details later this week in South Korea. If sealed, this would keep Chinese-made PC components flowing and dodge disaster for everyone from motherboard makers to American farmers—yes, soybeans got their own cameo, too.

Don’t break out the baijiu just yet. The elephant in the datacenter is that all these joyous trade noises do not affect the hard, separate controls both sides keep flexing on high-performance chips. Nvidia’s AI silicon isn’t getting a shortcut into Chinese compute racks anytime soon, and nobody blinked on the ban lists for key tech.

Now, let’s crack open the cyber vaults. It wouldn’t be a tech war update without some headline-grabbing hacks. This week, China-based threat actors were all over the cyber-news. Security Affairs reports that Chinese APT groups successfully exploited major vulnerabilities like the ToolShell SharePoint flaw and Citrix NetScaler exploits to breach telecom targets in Europe and the Middle East, even after patches were issued. These incidents reinforce what most CISOs already know: patch, pray, repeat.

Meanwhile, over on the ransomware front, things got wild. Qilin, the Russia-based ransomware syndicate that operates Ransomware-as-a-Service, surpassed its 700th attack of 2025. Its affiliates—some suspected to have Chinese connections—targeted everything from manufacturing giants like Asahi to government agencies. Qilin’s operation is now one of the world’s most prolific, with the US suffering more attacks than any other country. In October alone, Qilin ramped up its assaults, making 2025’s cyber landscape feel like a tightrope walk over a flaming firewall.

What does this all mean? Industry leaders are cautiously optimistic about short-term supply chain relief, as reported by Tom’s Hardware and Fortune, but underlying strategic tensions are stronger than a tungsten carbide cutting bit. China still dominates rare-earth processing—over 80% of global supply—and every new export restriction, pause or not, sends shockwaves through tech manufacturing, from hard drive magnets

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