How did a Chinese company that few people have heard of manage to defeat German carmakers at their own game?
In late 2019, residents of the German town of Arnstadt awoke to find diggers breaking ground on a new factory at the site of a defunct solar panel plant. Stretching over 23 hectares (around 100 football fields), the $2 billion plant was Germany’s first large scale battery ‘Gigafactory’ with the capacity to pump out enough batteries for hundreds of thousands of electric cars every year.
Germany invented the internal combustion engine in 1876 and makes the finest luxury cars i
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Shanghai Micro Electronics Equipment (SMEE) wants to be 'China's ASML' and produce the engineering marvels that help 'print' semiconductor chips. But it seems to be woefully behind that mission, imperiling China’s effort to domesticate chipmaking at a critical time. With a vast network of suppliers and all of China rallying for it to succeed, can it finally catch up?
The former Speaker of the House talks about her long involvement with Chinese issues, why she visited Taiwan and how ‘big money’ interests have dominated the U.S.’s approach to China.
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