Bernard Murphy
Moderator
The recent ban on sales to ZTE, while no doubt a problem for ZTE, seems to have encouraged the Chinese to accelerate efforts to become independent of US chip makers. You could argue they were headed there anyway but presumably US chip makers would have reaped revenues/profits in the meantime and the better among them might have developed plans to replace the eventual loss of that business. Instead we seem to have scored an own-goal in accelerating the decline in our chip revenues. Perhaps this is OK in the new anti-globalism world, though exactly how we replace major export partners is unclear to me.
Exclusive: China looks to speed up chip plans as U.S. trade tensions boil - sources | Reuters
Exclusive: China looks to speed up chip plans as U.S. trade tensions boil - sources | Reuters