Taiwan-China Tensions: How does this impact India’s auto sector and semiconductor demand
2 years, 4 months ago

Taiwan-China Tensions: How does this impact India’s auto sector and semiconductor demand

Live Mint  

Five months after Russia's invasion of Ukraine, another geopolitical conflict arose between China and the United States. The Chinese ministry opposed Pelosi's visit to Taipei, saying that "Pelosi disregarded China's strong opposition and solemn representations and visited Taiwan, China." Taiwan Semiconductor Manufacturing Company is the world’s largest contract chip manufacturer and Asia's most valuable listed company at $600bn, according to reports. India's semiconductor needs In 2020, India imported $2.38 billion in semiconductor devices, becoming the 13th largest importer of semiconductor devices in the world. Semiconductor independence In February, Indian mining and metals group Vedanta and Taiwan’s Hon Hai Technology Group, also known as Foxconn, signed a memorandum of understanding to form a joint venture company to manufacture semiconductors in India.

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History of this topic

Lessons for India from Intel’s downturn
2 weeks, 3 days ago

Lessons for India from Intel’s downturn

Hindustan Times  

Silicon Valley thrives on disruption. But even in this land of constant change, there’s a sense of melancholy in the air as Intel, the once-unquestioned king of chips, stumbles towards an uncertain future. Lessons for India from Intel’s downturn Remember those “Intel Inside” stickers plastered on every computer back in the day? “Intel’s biggest problem isn’t just competition,” a seasoned …

China+1 plan: India’s limited gain
2 weeks, 5 days ago

China+1 plan: India’s limited gain

New Indian Express  

NEW DELHI: Government think tank Niti Aayog has admitted that ‘India has seen limited success so far in capturing the China Plus One strategy. It attributes factors like cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing free trade agreements have played a key role in helping these countries expand their share of exports. The US has raised …

Chinese chip firms say they can withstand new US export curbs
3 weeks ago

Chinese chip firms say they can withstand new US export curbs

Deccan Chronicle  

Beijing/Seoul: Chinese chip companies targeted by Washington with fresh export controls have vowed to speed up supply chain localisation and said they would be able to continue production thanks to recent efforts to build equipment stockpiles. While Chinese authorities called the move "economic coercion", the measures appeared to have little impact on chip-making stocks, which rose slightly on Tuesday as …

Japanese Companies Keen To Invest In India's Semiconductor Manufacturing Ecosystem: Deloitte
3 weeks ago

Japanese Companies Keen To Invest In India's Semiconductor Manufacturing Ecosystem: Deloitte

ABP News  

Japanese companies are eager to establish semiconductor manufacturing units in India, bringing the necessary expertise and specialisation to collaborate with domestic firms, according to a Deloitte report. Shingo Kamaya, Deloitte AP and SRT Leader at Deloitte Japan stated that Japanese firms are "super enthusiastic" about India's potential. In July, Japan became the second Quad partner, following the US, to sign …

TSMC caught in crossfire of US-China tech war, struggling to maintain neutrality
3 weeks, 6 days ago

TSMC caught in crossfire of US-China tech war, struggling to maintain neutrality

Firstpost  

TSMC’s challenge isn’t just about staying in the US’s good graces. Any misstep could invite intervention from Chinese authorities, risking profits and potentially destabilising the global semiconductor supply chain With giants like Apple and Nvidia on its client list, TSMC has no choice but to comply fully with US investigations. Image Credit: Reuters The escalating tech battle between the US …

Southeast Asia’s Semiconductor Play
1 month ago

Southeast Asia’s Semiconductor Play

The Diplomat  

In September 2009 Temasek Holdings, one of Singapore’s state-run investment funds, divested its 62 percent stake in a company called Chartered Semiconductor Manufacturing. Given the existing IC assembly and testing infrastructure, Southeast Asia could be primed to play an important role in de-risking global semiconductor supply chains. From 2018 to 2021, Thailand averaged $10.5 billion in chip exports, about 1 …

India unveils $5 billion plan to strengthen domestic electronics component production
1 month ago

India unveils $5 billion plan to strengthen domestic electronics component production

Live Mint  

India is set to roll out incentives worth up to $5 billion to local electronics firms to manufacture components for devices ranging from smartphones to laptops, according to government officials. However, the industry remains heavily dependent on imported components, particularly from China and Hong Kong, which account for over half of India's $89.8 billion electronics imports in the fiscal year …

Fearing Donald Trump’s sanctions, Chinese AI businesses scramble to stockpile US chips
1 month ago

Fearing Donald Trump’s sanctions, Chinese AI businesses scramble to stockpile US chips

Firstpost  

China’s purchases of American semiconductors soared to $1.11 billion in October, a 60 per cent increase compared to the same period last year. Between January and October, chip imports from the US totalled $9.61 billion Trump’s return to the presidency has reignited concerns in China about expanded sanctions targeting its tech industry. Recent customs data reveals that China’s purchases of …

Taiwan Says TSMC’s US Investments Help with Trade Balance
1 month, 1 week ago

Taiwan Says TSMC’s US Investments Help with Trade Balance

Live Mint  

Taiwan Semiconductor Manufacturing Co.’s tens of billions of dollars of investments in the US help reduce the archipelago’s trade surplus with its primary security partner, a senior Taiwanese official said, as export-reliant economies brace for US President-elect Donald Trump, who is threatening additional tariffs on imports. Taiwan can further cut its surplus in bilateral trade with the US by buying …

When the chips are down: A US-China trade war?
1 month, 1 week ago

When the chips are down: A US-China trade war?

Live Mint  

On Monday, Taiwan Semiconductor Manufacturing Co, the world’s largest chipmaker, was reportedly stopped from shipping advanced ‘AI’ chips to China’s biggest tech conglomerate, Huawei. Since 2019, Huawei has been on a trade restriction list after the US alleged cyber espionage by the company, as well as its seemingly close ties with China’s government. Last month, a tech strip-down found TSMC’s …

India must cash in on chip war
1 month, 1 week ago

India must cash in on chip war

Hindustan Times  

The US government’s latest directive to TSMC, halting shipments of advanced semiconductors to China, marks a significant escalation in the global chip wars. The US has tightened its grip on advanced chip sales to China, from restricting Nvidia and AMD’s AI chip sales in 2022 to planning additional controls on about 120 Chinese tech firms. The Biden administration’s sustained pressure …

Trump at helm to boost Indian electronics manufacturing as more tariffs on China imminent
1 month, 2 weeks ago

Trump at helm to boost Indian electronics manufacturing as more tariffs on China imminent

Live Mint  

Donald Trump on his return as US president is expected to broaden tariffs against Chinese imports to cover phones and laptops, boosting the Indian electronics manufacturing sector, according to the domestic industry bodies. “Mr Trump in his election rallies and speeches has been talking about imposition of tariffs on our neighbours, which I am sure will make a lot of …

Taiwan Makes the Majority of the World’s Computer Chips. Now It’s Running Out of Electricity
54 years, 11 months ago

Taiwan Makes the Majority of the World’s Computer Chips. Now It’s Running Out of Electricity

Wired  

This story originally appeared on Yale Environment 360 and is part of the Climate Desk collaboration. Some 50 miles southwest of Taipei, Taiwan’s capital, and strategically located close to a cluster of the island’s top universities, the 3,500-acre Hsinchu Science Park is globally celebrated as the incubator of Taiwan’s most successful technology companies. One of them, the Taiwan Semiconductor Manufacturing …

World's Second Largest Mobile Producer, India Emerges As Global Semiconductor Powerhouse
3 months, 1 week ago

World's Second Largest Mobile Producer, India Emerges As Global Semiconductor Powerhouse

News 18  

As the global demand for semiconductors continues to surge, India is making significant strides towards establishing itself as a major player in the semiconductor industry. This shift was prominently highlighted at Semicon India 2024, a three-day event held in Greater Noida, which underscores the country’s commitment to becoming a key global semiconductor hub. This commitment helps maintain a robust talent …

Amid trade war with West, China buys more chipmaking tools than South Korea, Taiwan & US: Report
3 months, 3 weeks ago

Amid trade war with West, China buys more chipmaking tools than South Korea, Taiwan & US: Report

Firstpost  

China has spent a record $25 billion in buying chipmaking equipment so far this year and is expected to spend $50 billion by the end of the year Amid an escalating trade war with the West, China has emerged as the top buyer of chipmaking tools this year, according to a report. Amid such a conflict, the Semiconductor Equipment and …

Taiwan stole America’s chip industry according to Trump. But that’s not true
5 months ago

Taiwan stole America’s chip industry according to Trump. But that’s not true

CNN  

Taipei, Taiwan CNN — Former US President Donald Trump raised eyebrows last week when he accused Taiwan of snatching America’s crown in the $500 billion business of making computer chips. “Because of it, TSMC could focus on manufacturing and be very good at it, and more importantly, it could manufacture for multiple different customers, which would let the company scale …

Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30
5 months ago

Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30

Deccan Chronicle  

Chennai: India can increase its electronics production five-fold to touch $500 billion by FY30, with $200 -$225 billion worth exports of both finished goods and components by becoming an integral part of the global value chain through focused policy interventions, finds Niti Aayog. However, the electronics sector has a very high participation in the global value chain with 75 per …

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions
6 months, 1 week ago

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions

Hindustan Times  

Escalating tensions with China are said to have cost Indian electronics manufacturers $15 billion in production losses as well as 100,000 jobs in the past four years, the Economic Times reported. In submissions to various ministries, the electronics manufacturing industry said India has also lost out on a $10 billion export opportunity besides $2 billion in value addition loss, according …

Inside the race to train more workers in the chip-making capital of the world
6 months, 2 weeks ago

Inside the race to train more workers in the chip-making capital of the world

LA Times  

Build the technology of the future. These were some of the rewards of working in the semiconductor industry, 200 high school students learned at a recent daylong recruiting event for one of Taiwan’s top engineering schools. “Taiwan doesn’t have many natural resources,” Morris Ker, the chair of the newly created microelectronics department at National Yang Ming Chiao Tung University told …

Asia’s chip giants hustle to maintain their edge over the US
6 months, 2 weeks ago

Asia’s chip giants hustle to maintain their edge over the US

Live Mint  

In a series of articles this week, Wall Street Journal reporters from around the world go inside the escalating global chip battle. Taiwan Semiconductor Manufacturing Co., commonly known as TMSC, is expected next year to introduce the world’s smallest but most powerful chip in Taiwan—the type of breakthrough needed for cutting-edge artificial intelligence and smartphones. In May, South Korea’s government …

Taiwan is selling more to the US than China in major shift away from Beijing
7 months, 1 week ago

Taiwan is selling more to the US than China in major shift away from Beijing

Associated Press  

WASHINGTON — Whether it’s tapioca balls or computer chips, Taiwan is stretching toward the United States and away from China — the world’s No. In a stark illustration of the shift, the U.S. displaced mainland China as the top destination for Taiwan’s exports in the first quarter of the year for the first time since the start of 2016, when …

Japanese leader visits new chip factory, stressing ties with Taiwan and support for key technology
8 months, 2 weeks ago

Japanese leader visits new chip factory, stressing ties with Taiwan and support for key technology

Associated Press  

TOKYO — Japanese Prime Minister Fumio Kishida visited a new semiconductor plant for which his government has pledged more than 1 trillion yen of support to secure a steady supply of chips on Saturday. The new plant on the southwestern island of Kyushu, majority owned by the Taiwan Semiconductor Manufacturing Co., is the Taiwanese semiconductor giant’s first in Japan. Japanese …

How China Could Swamp India’s Chip Ambitions
9 months, 1 week ago

How China Could Swamp India’s Chip Ambitions

Live Mint  

When India’s largest conglomerate, Tata Group, broke ground on a $11 billion semiconductor factory this week, Prime Minister Narendra Modi said the country was poised to become a world leader in the sector. View Full Image China’s aggressive expansion comes at a time when the market for legacy chips is already well supplied. But India would struggle to shower such …

Every big chip player to re-work investment plan for India: Minister Vaishnaw
9 months, 3 weeks ago

Every big chip player to re-work investment plan for India: Minister Vaishnaw

The Hindu  

India has set its sights on becoming a formidable force in global semiconductor equation, rivalling known destinations like Taiwan and South Korea in next 5 years, Union Minister Ashwini Vaishnaw has said asserting that if and when mindset of global players has changed to an eagerness to invest in the country. This means, practically every big player would now like …

What can India learn from countries like Vietnam to become an export giant?
10 months ago

What can India learn from countries like Vietnam to become an export giant?

The Hindu  

Like with the last episode of Business Matters, this one too was triggered by a headline I saw in an article: “India fears losing out to China in smartphone exports race”. This Reuters piece cited IT Minister of State Rajeev Chandrasekhar’s letter dated January 3 to Finance Minister Nirmala Sitharaman expressing fears that India’s high tariffs could be a deterrent …

India’s rival is Vietnam in the game of attracting global manufacturers
10 months, 1 week ago

India’s rival is Vietnam in the game of attracting global manufacturers

Live Mint  

If India wants to build a robust computer and electronics manufacturing industry, it needs to shift focus, fast. The latest reminder of this urgency came last week with a US appeal for New Delhi to make the business environment easier and more transparent to navigate, or keep losing out on foreign direct investment. Though India is getting a lot of …

Why India Isn’t the New China
11 months ago

Why India Isn’t the New China

Live Mint  

China’s economy is struggling, but another Asian giant, neighboring India, is suddenly squarely on investors’ and manufacturers’ radar. India’s age-dependency ratio—a measure of the burden of child and elderly care on households—has fallen to 47 in 2022 from 82 in 1967, according to the World Bank. Only a third of India’s female working-age population was in the labor force in …

India emerges as second-largest global hub for mobile phone manufacturing
1 year, 2 months ago

India emerges as second-largest global hub for mobile phone manufacturing

India TV News  

India has risen to become the world's second-largest manufacturing hub for mobile phones, largely attributed to significant investments from original equipment manufacturers, original design manufacturers, and companies specializing in mobile components and parts, according to a recent report. This development is a significant boost to India's "Make in India" initiative, with recent data from government and industry sources revealing mobile …

Who is better at making phones, India or China?
1 year, 3 months ago

Who is better at making phones, India or China?

Live Mint  

Apple’s iPhone 15 is the first made-in-India iPhone to be sold across markets right from launch. While iPhones were first made in India in May 2017, this is the first time that India’s assembly lines made the latest iPhone ahead of its launch. Brands such as Apple typically get finished products at mass scale weeks ahead of launch, which is …

Foxconn backs India’s role in electronics manufacturing
1 year, 3 months ago

Foxconn backs India’s role in electronics manufacturing

Live Mint  

NEW DELHI : Foxconn Technology Group chairman Young Liu has backed India as an important country for the future of manufacturing, saying that the opportunities for the development of electronics manufacturing and industrial chains were huge. I don’t think it’s perfect to speculate from history, but we feel that development of the entire ecosystem and industrial chain, and the opportunities …

DC Edit | Will festivals, elections lead to India's dream growth run?
1 year, 3 months ago

DC Edit | Will festivals, elections lead to India's dream growth run?

Deccan Chronicle  

Once in every generation – which is roughly 30 or 40 years – the world finds itself on the cusp of a major change – spreading across domains of technology, geopolitics, as well as economics. In the last eight months, foreign investors pumped in $16.5 billion in the Indian stock markets – the largest such investment in Asian equities. In …

A ‘fab’ way to conduct India-Japan tech diplomacy
1 year, 4 months ago

A ‘fab’ way to conduct India-Japan tech diplomacy

The Hindu  

India and Japan, in July 2023, agreed to collaborate on semiconductors in a bid to create a more resilient supply chain for this critical technology and work together for the joint development of the semiconductor ecosystem. The partnership will focus on five areas: ‘semiconductor design, manufacturing, equipment research, establishing resilience in the semiconductor supply chain, and talent development’, paving the …

TSMC's dilemma shows 'chip war' has no winner
1 year, 4 months ago

TSMC's dilemma shows 'chip war' has no winner

China Daily  

Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken Feb 25, 2022. In his latest interview with The New York Times, TSMC chairman Mark Liu admitted that his company's unit that moved to the United States had encountered problems, such as higher construction costs and rifts between TSMC and local workers. When reports …

India As Semiconductor Hub: Why China Challenge Is A Big Factor
1 year, 4 months ago

India As Semiconductor Hub: Why China Challenge Is A Big Factor

ABP News  

The Industrial Revolution 5.0 would not be here without the semiconductor chips. Chinese commentator Sima Nan, talking about Foxconn’s business plans in India, said: “Foxconn’s future lies in the acceptance of 'one country two systems' in a peaceful and prosperous world, there is no other way.” This was a warning not only to Foxconn but also to India, which seems …

India-ASEAN trade deal ill conceived: Goyal
1 year, 4 months ago

India-ASEAN trade deal ill conceived: Goyal

Live Mint  

India-ASEAN trade deal signed under the UPA era is one of the most ill-conceived deals, commerce minister Piyush Goyal said on Thursday at an industry event. India mostly imports capital goods, raw materials and intermediates from Asean, the tariff concessions under the free trade agreements have also been advantageous to many sectors and adversely impacted domestic companies, especially chemicals and …

TSMC flags 10% fall in 2023 sales, spending at low end of forecast
1 year, 5 months ago

TSMC flags 10% fall in 2023 sales, spending at low end of forecast

The Hindu  

Taiwanese chipmaker TSMC forecast a 10% drop in 2023 sales on Thursday after reporting a 23% fall in second-quarter earnings as global economic woes dented demand for chips used in applications as varied as cars, cellphones and servers. The world's largest contract chipmaker estimated investment spending for this year at the lower end of a previous estimate of $32-$36 billion …

The chips are down: Inside India’s technicoloured semi-conductor dreams
1 year, 5 months ago

The chips are down: Inside India’s technicoloured semi-conductor dreams

Hindustan Times  

Silicon chips and semiconductors, terms often used interchangeably, are actually distinct things. “The number of car-mounted semiconductor devices has been increasing steadily, particularly for future ADAS or Advanced Driver Assistance Systems,” is how Hitachi’s semiconductor knowledgebase describes the changes unfolding. Research firm Deloitte’s ‘TMT Predictions Report’ 2023 – India Chapter’ report released in February, estimates the Indian semiconductor market to …

Business Matters | How does the China-U.S. chip war affect India?
1 year, 5 months ago

Business Matters | How does the China-U.S. chip war affect India?

The Hindu  

In an escalating trade war with the West, particularly the U.S., China brought in export curbs on two metals used in the manufacture of semiconductors and solar panels — germanium, gallium. It’s interesting that media reports have referred to the two metals in the same breath as rare earth elements. China’s recent export curbs on its germanium and gallium output …

Leading Taiwanese firms looking at relocating to India
1 year, 5 months ago

Leading Taiwanese firms looking at relocating to India

The Hindu  

Leading Taiwanese technology firms are looking at relocating their manufacturing bases to India to bring down their exposure to the Chinese market, top policymakers in the Taiwan government have said, amid the self-governed island’s increasingly tense relations with China. Kristy Tsun-tzu Hsu, the director at premier policy think-tank Taiwan ASEAN Studies Center at Chung-Hua Institution of Economic Research, described India …

Taiwan, which produces 70% of the world's semiconductors, 'desperately' appetite to sign FTA with India
1 year, 5 months ago

Taiwan, which produces 70% of the world's semiconductors, 'desperately' appetite to sign FTA with India

India TV News  

Taiwan has an "enormous appetite" to expand ties with India and firming up the proposed free trade agreement between the two sides will be a "big encouragement" for Taiwanese companies to set up manufacturing bases in India, Taiwan's Foreign Minister Jaushieh Joseph Wu has said. In an interaction with an international media group, he said an FTA between India and …

Asia Takes Centre Stage As Nanometer Chips Redefine Semiconductor Sector
1 year, 6 months ago

Asia Takes Centre Stage As Nanometer Chips Redefine Semiconductor Sector

ABP News  

Nanometer chips, particularly those under 10nm, are revolutionising the semiconductor industry and as the semiconductor landscape continues to evolve, there is a shift in the industry's centre of gravity towards Asia, a report said on Monday. Taiwan's chipset giant TSMC, the world's largest semiconductor foundry, has unveiled advancements in 2nm technology and has made new additions to its 3nm family. …

India’s Jan.-April imports from China rise 4.6% to $37.86 billion
1 year, 6 months ago

India’s Jan.-April imports from China rise 4.6% to $37.86 billion

The Hindu  

India’s imports of Chinese goods have continued to rise in 2023, growing 4.6% in the first four months of the year to cross $37.86 billion. Two-way trade climbed 4.5% from the year-earlier period to reach $44.34 billion at the end of April, data from China’s General Administration of Customs showed. In the first four months of the year, China’s trade …

From mobile phones to chips, India manufacturing enters golden era
1 year, 6 months ago

From mobile phones to chips, India manufacturing enters golden era

India TV News  

In 2018, South Korean giant Samsung inaugurated the world's largest mobile factory in India. The 35-acre facility at Sector 81 in Noida, Uttar Pradesh, saw Prime Minister Narendra Modi and South Korean President Moon Jae-in officially inaugurating it together -- placing the country firmly on the global manufacturing map. Vedanta and Foxconn signed a Memorandum of Understanding with the Gujarat …

Apple Supplier Wistron Stops Making iPhones In India: Here's Why
1 year, 7 months ago

Apple Supplier Wistron Stops Making iPhones In India: Here's Why

News 18  

Apple is making a broad set of changes to its global production lines outside of China with India as one of its main focus markets. Recently it was confirmed that Tata Group is ready to enter the make in India iPhone arena by acquiring the plant from another iPhone vendor Wistron in India. The report also says Wistron has been …

Apple’s $7 Billion Bet On India: iPhone production triples in India as China loses big time
1 year, 8 months ago

Apple’s $7 Billion Bet On India: iPhone production triples in India as China loses big time

Firstpost  

Apple saw its production in India jump from 1% of all iPhones sold worldwide, to 7%. This has been an impressive feat given that most of Apple’s production facilities in India are still in their nascent stage. Apple has been moving its production facilities away from China and into India and Vietnam. The journey from 1 per cent to 7 …

Apple ramps up iPhone production in India to $7 billion in strategic shift from China
1 year, 8 months ago

Apple ramps up iPhone production in India to $7 billion in strategic shift from China

India TV News  

Apple Inc. increased its iPhone production in India over the previous fiscal year, exceeding the $7 billion milestone and tripling its output in the country. The American business currently manufactures approximately 7% of its iPhones in India through increasing partnerships with companies like Foxconn Technology Group and Pegatron Corp. India produced an estimated 1% of the world's iPhones in 2021 …

TSMC’s Taiwan factory plans have not changed, says minister
1 year, 8 months ago

TSMC’s Taiwan factory plans have not changed, says minister

Al Jazeera  

Economy minister says investment still going ahead after report that semiconductor giant is slowing expansion plans. Taiwan’s TSMC has not changed the investment plan for its new chip factory in the island’s southern city of Kaohsiung, Economy Minister Wang Mei-hua has said, responding to a media report of the chipmaker slowing down expansion at home. “TSMC investing in Taiwan, investing …

Tech companies continue to abandon China. Here’s why its good news for India, Mexico and Vietnam
1 year, 8 months ago

Tech companies continue to abandon China. Here’s why its good news for India, Mexico and Vietnam

Firstpost  

Tech companies across the world have come to realise that the business model of production in China and exporting abroad can be a precarious and unsustainable proposition. Also read: Apple continues to ditch China: Foxconn leases new site in Vietnam for new Apple factory Apple’s China +1 policy is being adopted everywhere Apple, one of the biggest tech companies operating …

Taiwan chip pioneer warns U.S. plans will boost costs
1 year, 9 months ago

Taiwan chip pioneer warns U.S. plans will boost costs

The Hindu  

U.S. government efforts to shift production of processor chips from Asia to the United States will double their cost and slow the spread of their use in phones, cars and other products, the billionaire founder of the global industry’s biggest manufacturer warned Thursday. Morris Chang of Taiwan Semiconductor Manufacturing Corp. said he supports U.S. efforts to slow China’s development of …

Taiwan chip pioneer warns US plans will boost costs
1 year, 9 months ago

Taiwan chip pioneer warns US plans will boost costs

Associated Press  

TAIPEI, Taiwan — U.S. government efforts to shift production of processor chips from Asia to the United States will double their cost and slow the spread of their use in phones, cars and other products, the billionaire founder of the global industry’s biggest manufacturer warned Thursday. Morris Chang of Taiwan Semiconductor Manufacturing Corp. said he supports U.S. efforts to slow …

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