Podbit · The Prof G Pod with Scott Galloway
No other company or country on earth can build EUV lithography machines — only ASML. If China has obtained even one of these tools, it would be a game changer for its ability to manufacture the world's most advanced chips.
Where this was said
At 6:23 · chapter starts 3:58
JPMorgan Chase has quietly barred its Hong Kong staff from using Anthropic's AI models over licensing concerns related to Greater China — a move that follows Goldman Sachs's earlier restriction [1] — Alice Han "JPMorgan Chase has barred its Hong Kong employees from accessing Anthropic's AI models, following a similar move by Goldman Sachs. What loo…" 03:58 . Alice Han frames this as evidence of a 'technological Cold War II,' an iron curtain being drawn between the U.S. and China that is now enveloping Hong Kong. The conversation pivots to whether Anthropic's decision is driven by genuine national security logic, distillation fears, or political signaling to Washington. Alice notes that financial services account for roughly a quarter of Hong Kong's GDP and employ 250,000 people, making AI access cuts directly threatening to the city's core economic identity. The vision of Hong Kong as an R&D hub that could bridge U.S. and Chinese AI systems has, in her words, become 'no longer apparent.'
JPMorgan Chase has barred its Hong Kong employees from accessing Anthropic's AI models, following a similar move by Goldman Sachs. What looks like a compliance decision is actually a geopolitical statement: Hong Kong is no longer treated as a separate jurisdiction by U.S. firms.
ASML is the sole manufacturer of extreme ultraviolet (EUV) lithography machines, without which the world's most advanced semiconductors cannot be produced.
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