China triumphs over US, Japan and South Korea in economic war...Samsung is finished

 Samsung is also facing strikes in India. If not careful, its factories may be torched as well. Samsung is on the decline in reality. Its heydays are over, like Japanese, USA and EU carmakers. Next will be its smartphone business.

The Chinese will be eating the lunches of all those Japanese and South Korean businesses going forward. China already took over their shipbuilding business. China also cannibalized their electrical and electronic manufacturing outfits. China is now targeting their semi-conductor business as well.

Japanese steel maker, Nippon Steel, is facing grave threat from Chinese steelmakers and desperately wants to buy US Steel but had been stopped in its tracks by the US Government. Nippon Steel needs USA protection in the USA market. Japan is furious. Allies or no allies, the USA only looks at its own interest. It may be too late for Japan, South Korea and Taiwan to realize this.

Elsewhere, ASML is also fighting a battle with Chinese semiconductor equipment manufacturing business. The Chinese were reported to have succeeded in making their own chipmaking equipment that could replace ASML's lithography machines.

Day in and day out we have been transfixed with the hot wars in Ukraine and Gaza. There is also an economic war being fought between China and the collective West with Japan and South Korea on their side. BRICS is part of the economic war being waged against the USA and its allies. 

Anonymous