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US investment curbs deal ‘major blow’ to Chinese startups

A CNN aricle, updated as recently as 10 August 2023 provides the following quoted material:

"Hong Kong

New constraints on US investments in advanced technology in China will exacerbate a slump in deals between the world’s top two economies and deliver a “major blow” to Chinese startups, analysts and investors told CNN Thursday.

The Biden administration announced Wednesday it would restrict investments by US venture capital and private equity firms, as well as joint ventures, in Chinese artificial intelligence, quantum computing and semiconductors."

--- FORTUNATELY, for Poet, the JV with Super Phontonics is more about state-of-the-art transceivers used in data centers, is it not? Therefore, Poet's JV is more about mass-producing a commodity for data centers and is still a win-win for both Poet and China. China has a massive 100G market and Poet extends the life of 100G production as well as allowing upward paths to 200-,400-,800G and enriching the margin for those legacy manufacters there. If this is wrong, please correct me.

Understandably, it makes sense for the USA to guard artificial intelligence, quantum computing and semiconductors as all those segments represent the highest technological areas of importance to national security. So, Poet can still be in both markets then. That being said, I never expected Poet ever to produce artificial intelligence, quantum computing and semiconductors in China, so that Biden decision should not effect Poet.

monolithic