Shockingly, a counterfeit factory has produced a 3-nanometer chip.

Chapter 345 Asset Freeze!

Shen Fei was happy for a few seconds, then felt a pang of heartache and began to calculate how much money he had lost.

"How much of us were frozen?"

Li Qing glanced at her phone and looked at the encrypted file Huang Tianya had sent, feeling a pang of heartache.

Not too many.

After Motorola was sold, we only had a few settlement accounts left in the United States, totaling less than $800 million.

It mainly consists of shares in some technology companies, amounting to approximately $2.8 trillion.

However, these assets are held through more than a dozen subsidiaries and related offshore funds. They say they want to freeze them, but it is not certain whether they can be completely frozen technically.

Holding shares in offshore funds is not that easy.

"It's fine, let them freeze it. We'll settle accounts later when the lockdown is lifted. Let's deal with the public opinion first."

"clear."

After Li Xing left, Shen Fei sat on the sofa in his office and continued to watch the proceedings of the Transsion Smart Home launch event.

The press conference is scheduled for July 15th, less than a week away.

A week isn't enough for the American fever to subside.

But he knew in his heart that this time was a little different. After all, this time it was a list of military industrial enterprises, not the Entity List.

However, both the Entity List and the list of military enterprises in China will bring Transsion free damage.

Meanwhile, as everyone was leaving get off work, the digital chat site dropped a bombshell.

Breaking news: The U.S. Department of Defense has added Transsion to its list of military companies.

The reason is that Transsion is working on fighter jet engines.

I want to know, it's already outrageous for someone who makes electric cars to go and make fighter jets, let alone fighter jet engines! And how come I didn't know about this project?!

The wording was very brief, and today it was accompanied by three exclamation marks and a shocked emoji.

"Fighter jet engines? Transsion, a mobile phone company, is going to work on fighter jet engines? Can't the Americans come up with a more plausible excuse? If they lack the wit, they can invite us."

"This is hilarious. The Americans are just making up excuses because they can't come up with any."

If Transsion were truly that capable, would we still need to buy products from other companies?

"I remember a while ago the US said cars threatened national security, but they haven't sold a single one to the US... It's ridiculous."

"It feels like Obama has gone mad."

"Is it possible that this news never existed and that Transsion itself released false information? After all, the hype surrounding their smart home technology seems to have cooled down rather quickly."

"Exactly! It's not as popular as Xiao Ai (Xiaomi's AI assistant) yet, so it's normal for them to be a little nervous about the transmission."

"Hey upstairs, stop fooling yourselves. Transsion's smart ecosystem has already sold over 2 sets. When are you going to release your Xiao Ai PPT?"

Thanks to the efforts of the publicity department, everyone treated it as a joke, and even among Mi Fans, it was seen as the beginning of Transsion's decline.

After all, in their view, Transsion has started to engage in false advertising in order to gain popularity.

But at exactly 8:00 a.m. in the United States, the Department of Defense issued an official announcement on its website.

The announcement was written in a very official style, and the gist of it was that after investigation, it was confirmed that Transsion Technologies was involved in the research and development and manufacturing of high-performance fighter jet engines, which posed an unacceptable risk to U.S. national security.

According to relevant laws, Transsion has been included in the list of military enterprises, effective immediately.

Then the Department of Commerce froze all of Transsion's assets in the United States, followed by an additional list of some American companies in which Transsion had invested.

Not much, but enough to cause a sharp drop in global capital markets.

After the US capital market opened, Apple's stock price fell by 4.5%, Qualcomm's by 7%, and Google's also saw a decline; all the stocks on that side page experienced a sharp drop.

After the decline began, everyone realized why there were so many short positions early in the morning!

This led to a further spread of panic, and retail investors began to dump their stocks.

The Dow Jones Industrial Average, S&P 500, and Nasdaq all fell by about 6.5%, almost triggering a circuit breaker, and Obama's heart was pounding.

Besides the United States, the FTSE 100, Nikkei 225, and the Korea Composite Stock Price Index (KPI), as well as other major global stock indices, all showed significant declines, with some even triggering circuit breakers.

It's not that the transmission is so powerful, but rather that the precedent set in America is too terrifying.

If they can sanction Transsion today with baseless accusations, they can sanction any investment bank tomorrow with the same pretext.

After all, even the United States has its difficult times, and then they'll be like pigs waiting to be slaughtered.

Meanwhile, investment banks were in complete chaos. Although they had received advance notice and made preparations, their phones were still ringing off the hook.

Customers keep asking the same question: "If Transsion's assets can be frozen, what about theirs?"

After all, even Goldman Sachs' business managers were a little unsure how to answer these Chinese clients.

Meanwhile, analysts at Morgan Stanley issued an urgent report.

The Impact of Transsion Sanctions on the Global Technology Supply Chain

In short, the report states that the long-term impact of the event cannot be assessed at this time, but in the short term, global technology stocks face the risk of restructuring.

Under pressure from various parties, the White House held a press conference.

Both Obama and Bryson were conspicuously absent this time, leaving only the press secretary Carney standing behind the podium.

While speaking, he kept glancing around at every corner, because this location was really not safe. If someone acted impulsively, he might be in trouble.

"The President has signed an executive order confirming that Transsion Technologies will be included in the list of military enterprises."

This was a well-considered decision, supported by ample intelligence.

At this point, a reporter raised their hand to ask a question.

"Mr. Neil, why isn't the President giving an interview?"

"I have something to do today."

"Mr. Carney, Transsion is a consumer electronics company. They make mobile phones, chips, cars, and batteries."

What evidence do we have that they are working on fighter jet engines?

Garnier hesitated for a moment, and after confirming again that the surrounding environment was safe, he spoke:

"The details of the intelligence are classified and cannot be disclosed."

"If it's inconvenient to disclose, how will the public know if this is political deception?"

"The President has reviewed the relevant intelligence and believes the evidence is conclusive." Garnier checked his surroundings again before his tone hardened. "The communication involves military projects and poses a threat to the national security of the United States."

This is the final conclusion.

Reporters continued to press for answers, but Carney did not respond further. After reading the statement, he retreated under police protection.

But the online discussion continues to escalate, with many Americans criticizing him! Some have even started sending American specialties to the White House.

Under pressure, Obama delivered another televised address from the White House Rose Garden at 1 p.m.