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autotldr t1_j8swz24 wrote

This is the best tl;dr I could make, original reduced by 72%. (I'm a bot)


> BEIJING - China on Thursday imposed trade and investment sanctions on Lockheed Martin and a unit of Raytheon for supplying weapons to Taiwan, stepping up efforts to isolate the island democracy claimed by the ruling Communist Party as part of its territory.

> Lockheed Martin Corp. and Raytheon Technologies Corp.'s Raytheon Missiles and Defense are barred from importing goods into China or making new investments in the country, the Ministry of Commerce announced.

> Raytheon Missiles and Defense, part of Raytheon Technologies Corp., was awarded a $412 million contract in September to upgrade Taiwanese military radar as part of a $1.1 billion package of U.S. arms sales to the island.


Extended Summary | FAQ | Feedback | Top keywords: island^#1 Raytheon^#2 China^#3 Taiwan^#4 Defense^#5

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IonicWater t1_j8sxkt7 wrote

Pretty sure Lockheed Martin or Raytheon don't really care. Being American defence companies, can't imagine the US government would even let them trade with China

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GoneSilent t1_j8t3moi wrote

Raytheon makes a bunch of parts for Boeing civil aircraft how is that going to work?

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HalfLeper t1_j8t5y8f wrote

Don’t both of those companies rely very heavily on microchips from Taiwan in the first place? Don’t those companies actually have a vested interest in Taiwan’s autonomy?

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bolaobo t1_j8teil8 wrote

Why isn't Boeing a part of this import ban?

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SkewerMeBaby t1_j8th0gm wrote

These are two companies doing really well due the war in Ukraine.

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qainin t1_j8u18zw wrote

If China wants a trade war, they should get a trade war.

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TwanToni t1_j8u9ikn wrote

intel is a very capable U.S design and semiconductor. Not that far behind TSMC especially if TSMC gets stuck on 3nm plus older nodes are preferred as they are well tested already and less prone to something something I forgot

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shek89 t1_j8v0iaj wrote

well there goes Ratheyons and Lockheed Martins plans to illegally sell to China.

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Opaque_Cypher t1_j8zjbr9 wrote

Wait, what? So Lockheed Martin won’t be selling F35s to China? Dang, there goes their business model.

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