Shockingly, a counterfeit factory has produced a 3-nanometer chip.

Chapter 161 Internal Strife: The Battle Between the Donkey and the Elephant

This explanation finally made Jason nod in satisfaction.

He's not a complete idiot.

He turned around: "Then what's left?"

"Large companies like Apple, Micron, Intel, and ARM only bought less than 10% of the shares, so they can't touch the core."

But those small companies…”

He hesitated and sighed again: "More than 100,000 patents now all belong to Transsion."

Some key equipment has already been delivered to Guangzhou, and thousands of engineers have all been transferred to China; they did so very quickly.

We can only save these large companies, and some other smaller ones.

Jason closed his eyes.

Thousands of people resigned at the same time to go to that backward place in China. Were they all out of their minds?

"Are these thousands of people pigs? Why leave developed America to go to a backward and poor place?"

The consultant nodded: "There's nothing we can do; the economic crisis has hurt them too badly."

Now someone has offered a stable contract, guaranteed employment for family members, and guaranteed schooling for children. No one can resist such a offer.

To be honest, the fault doesn't lie with us; it's entirely the fault of that damn economic crisis.

Silence fell over the meeting room again; these conditions were indeed very appealing. As highly skilled technical personnel, they shouldn't have to endure much hardship even if they went to China.

Just when everyone was at a loss for words, someone asked, "Director, should we freeze these company assets that haven't been transferred yet?"

This should be able to recover some of the losses.

Everyone looked at Jason, who remained silent for a long time before saying:

"No, they are making a legal acquisition through legitimate channels. We have no legal basis for it."

Another aide said, "Report it up, using... the national security clause."

Jason shook his head.

"National security provisions? What does acquiring those small, nearly bankrupt companies have to do with national security?"

They're making mobile phone chips, not weapons.

He hesitated for a moment, considering the consequences of invoking this clause.

It wasn't because he and his boss accepted lobbying fees, but because we are currently in the later stages of an economic crisis.

The United States has already suffered enough losses; they must... must get out of there as soon as possible.

China is the largest dumping ground for trade. It is an important market for things like airplanes, smartphones, and automobiles. If problems arise, it is far beyond what China can take the blame for.

"China is our largest trading partner. If we take action, our transformation path may be thwarted, and the consequences could be unimaginable."

After considering the consequences, everyone decided to abandon the plan.

The economic crisis cannot continue, or even the mighty United States will be dragged down.

And they will all be dismissed and killed.

Silence fell over the meeting room again. Someone whispered, "Well... let's just leave it at that."

Jason glanced at the documents in front of him and offered his opinion: "It doesn't count, so what? They've already packed it all up and taken it with them."

As everyone sighed, he turned around and said, "Notify the FBI to keep a close eye on the remaining companies. Don't let the Chinese succeed again."

Any acquisition of a technology company must be investigated and approved.

Write a summary, and that's the end of it.

…………

On April 26, a confidential report was delivered to the White House.

Report Title: A Preliminary Investigation into Huaxin Investment's Penetration of the US Technology Industry

The above lists some of the more important companies, while some less important companies have been selectively ignored.

However, the number of companies involved is still as high as several dozen.

The list of companies in the report is based on what Jensen said: "Those that have moved away don't need to be included in the report. Just pick the ones with high market value and wide influence."

Even so, there are still quite a few businesses.

However, the last sentence above serves as a reminder: "We may have underestimated the strategic vision of Chinese companies. They are not acquiring companies or buying stocks; they are buying the future."

After reading it, the president was quite angry for a while, and then he wrote a line: "Strengthen scrutiny, but avoid a trade war."

While the economic crisis is not over, we should refrain from escalating its impact.

They decided to suppress this humiliation and seek revenge at a later opportunity.

…………

But the very next day, the Wall Street Journal published an in-depth report.

China's Chip Ambitions: How to Build a Fully Independent Industrial Chain Through Capital Acquisitions.

The article details Huaxin Investment's acquisition strategy over the past two years, analyzing how Huaxin Investment gradually eroded small and medium-sized companies in the American semiconductor industry through piecemeal acquisitions.

The article concludes by saying, "While Silicon Valley was still concerned with Apple and Qualcomm, the Chinese had already quietly taken away our toolbox."

By the time we realized what was happening, they were already making their own tools.

This article caused a huge uproar in the American technology community and also put Obama under tremendous pressure.

He had already announced a news blackout, but the scandal still got out.

There's only one outcome: the Elephant Party has struck again...

While he was frantically trying to find a solution, the comments section was already buzzing with arguments.

"This is Obama's policy toward China. On the one hand, he talks about active trade, and on the other hand, he lets them buy out our companies. He's a traitor."

"Obama must take full responsibility... step down, step down immediately."

"Transsion is contributing to Africa; is Obama just missing his hometown?"

Of course, some people countered: "They're buying small companies, so it won't affect the overall situation."

"The most important thing now is global cooperation to get through this damn economic crisis as soon as possible, or I'll be homeless on the streets."

"Small companies? Do you know how much core technology those small companies possess? Without them, even the big companies in Silicon Valley would have to shut down."

This person wasn't lying. Huaxin acquired all the important companies, some of which do indeed possess critical technologies that are a bottleneck for China, as well as the United States.

…………

Guangzhou, Transsion headquarters.

Huang Tianya walked into Shen Fei's office with the copy of The Wall Street Journal in his hand.

"Mr. Shen, we've been discovered."

Shen Fei took it, glanced at it, and then smiled.

He faced numerous sanctions in his past life and nothing happened to him. Based on his experience with sanctions, as long as Obama is still in power, the risks remain manageable.

As for being investigated, that's only a matter of time.

This report on Wall Street was probably produced by the elephants (referring to a group of people on Wall Street), and Oganhai (the leader of the group) essentially wanted to suppress it.

Essentially, this is their internal strife, and Huaxin is merely a sharp arrow that can be used as a weapon.

"I had anticipated this, otherwise the engineers wouldn't have been forced to relocate in such a short time."

Talent and patents are the most important.

When Shen Fei said this, he subconsciously looked at the painting behind him.

It says in big letters: People-oriented

Huang Tianya looked at him and said, "Boss, what's our next step? I reckon it won't be long before several American corporations launch an attack on us."

"Next step, just do what needs to be done."

He glanced at the Wall Street Journal again.

"What can they do even if they find out? We hold the patents, we hold the equipment, we hold the people."

He turned around: "They are the ones who are anxious now, not us."

If they want to retaliate, then freeze our stocks. As for the consequences, that depends on how ruthless they are.

A single circuit breaker failure can have significant consequences.