Biden Admin blocks China’s acquisition of Korean Semiconductor company “Magnachip Semiconductor Corp.”
The Committee on Foreign Investment in the United States (CFIUS) issued an interim order on June 15 blocking the Chinese private equity fund Wise Road Capital from acquiring Magnachip Semiconductor Corp. of Seoul, South Korea. The regulatory step puts the deal on hold, but observers said it’s unlikely U.S. and Korean regulators would allow it to proceed in its present form, citing national security concerns.
The White House has made it clear that China risks “International Isolation” if it does not cooperate with a “real” investigation into the origins of Covid-19.
This also on the heels of Canada leading 40 nations to condemn China’s human rights abuses, specifically the ongoing Uighur Genocide.
In typical China fashion, CCP is pointing fingers at Canada’s and other’s past atrocities – a red flag which suggests China may even be trying to justify their own ongoing atrocities while claiming others have no authority to judge them. This is geopolitical nightmare scenario.
The US and UK have responded with military exercises: For 1st time since WWII, US fighter jets are flying combat missions off foreign aircraft carriers - symbolic of Allied Nations coming together to address threats – though missions are in the Middle East, it’s a message meant for China.
The British Defense Ministry describes Carrier Strike Group 21 as “the largest concentration of maritime and air power to leave the UK in a generation.”
“The level of integration between Royal Navy, Royal Air Force and US Marine Corps is truly seamless, and testament to how close we’ve become,” Blackmore said.
Capt. James Blackmore, commander of the air wing aboard the Queen Elizabeth, said the last time US planes flew combat missions from a foreign aircraft carrier was in 1943, when American planes deployed from Britain’s HMS Victorious in the South Pacific.
The Queen Elizabeth is leading the UK’s Carrier Strike Group 21, which is on a seven-month, 30,000-mile (48,280 kilometer) mission that will take it as far as Japan and South Korea, including an expected transit of the South China Sea.