Welp, this is the beginning of China's crackdown on the semiconductor industry. You can expect to see it go the way of EdTech, Internet Platform, Real Estate, Crypto, Games, etc. Banned, bankrupt, shrinking, and collapsing, mass layoffs, etc. I knew the arrest of this MIIT guy was bad news. It seems as I said, the U.S. and China want the same thing for Chinese tech: destruction. Who said relations between the two countries are bad?