American Companies Risk National Security for Profit Motives
Submitted by MAGA
Posted 2 hours ago
**Betrayed: American Firms Fuel China's Military Ambitions, House Report Exposes Alarming Sales**
A striking new report by the U.S. House Select Committee on the Chinese Communist Party has raised significant alarms regarding American and allied semiconductor equipment companies bolstering China's chipmaking capacity.
Chairman John Moolenaar (R-MI) has stated that some of the biggest names in semiconductor manufacturing, including ASML Holding NV and Tokyo Electron, have made substantial profits by selling advanced equipment to entities linked to the Chinese military and state.
These alarming findings expose the dangerous reality that companies like ASML and Applied Materials have not only profited from engaging with Chinese state enterprises but have also contributed directly to a security threat that endangers the United States and its allies.
Key highlights from the report point to a staggering 44% of Tokyo Electron's 2024 revenue stemming from Chinese buyers. This percentage raises serious questions about American corporations' willingness to prioritize profits over the national security of the U.S. and its allies.
The inquiry cautions that technology developed by U.S. firms is being utilized by the CCP to enhance its military capabilities, further entrenching its authoritarian rule through surveillance and military advances.
In response to this alarming situation, Chairman Moolenaar stated, "We must not allow this critical equipment to be handed over to our foremost adversary, or America could lose the technology arms race." His words echo the concerns of many who believe that these transactions could lead to a weakening of American standing on the global stage.
The report also reveals opportunistic behavior by Dutch and Japanese firms, which reportedly circumvented U.S. export restrictions by ramping up shipments of slightly less advanced equipment to China. This raises further concerns about the future of global trade policies and the importance of national security measures.
As the report's findings continue to reverberate through financial markets—with shares of ASML, Tokyo Electron, and others plunging—there's a growing chorus advocating for stronger regulatory measures to protect American innovation and thwart the ongoing threat posed by the Chinese Communist Party.
The time has come for America to reclaim its technological leadership and ensure that our innovations are not weaponized against us. Only through robust policies can we safeguard our national interests and protect against the encroaching influence of China.
Sources:
zerohedge.com
thecentersquare.com
dailysignal.com
A striking new report by the U.S. House Select Committee on the Chinese Communist Party has raised significant alarms regarding American and allied semiconductor equipment companies bolstering China's chipmaking capacity.
Chairman John Moolenaar (R-MI) has stated that some of the biggest names in semiconductor manufacturing, including ASML Holding NV and Tokyo Electron, have made substantial profits by selling advanced equipment to entities linked to the Chinese military and state.
These alarming findings expose the dangerous reality that companies like ASML and Applied Materials have not only profited from engaging with Chinese state enterprises but have also contributed directly to a security threat that endangers the United States and its allies.
Key highlights from the report point to a staggering 44% of Tokyo Electron's 2024 revenue stemming from Chinese buyers. This percentage raises serious questions about American corporations' willingness to prioritize profits over the national security of the U.S. and its allies.
The inquiry cautions that technology developed by U.S. firms is being utilized by the CCP to enhance its military capabilities, further entrenching its authoritarian rule through surveillance and military advances.
In response to this alarming situation, Chairman Moolenaar stated, "We must not allow this critical equipment to be handed over to our foremost adversary, or America could lose the technology arms race." His words echo the concerns of many who believe that these transactions could lead to a weakening of American standing on the global stage.
The report also reveals opportunistic behavior by Dutch and Japanese firms, which reportedly circumvented U.S. export restrictions by ramping up shipments of slightly less advanced equipment to China. This raises further concerns about the future of global trade policies and the importance of national security measures.
As the report's findings continue to reverberate through financial markets—with shares of ASML, Tokyo Electron, and others plunging—there's a growing chorus advocating for stronger regulatory measures to protect American innovation and thwart the ongoing threat posed by the Chinese Communist Party.
The time has come for America to reclaim its technological leadership and ensure that our innovations are not weaponized against us. Only through robust policies can we safeguard our national interests and protect against the encroaching influence of China.
Sources:
zerohedge.com
thecentersquare.com
dailysignal.com
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