Chinese Chip Gear Profits Soar After US Curbs Spur Local Buying
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- (Bloomberg) -- Two major Chinese chip equipment makers are predicting a doubling in profits after the US clamped on exports of American technology, forcing manufacturers to rely on homegrown alternatives.
Chinese chipmaking gear leaders, which while much smaller than the likes of Applied Materials Inc. or Lam Research Corp., have stepped up research to replace equipment that carries American components or technology. Naura and Advanced Micro-Fab slid on Monday, after latest Chinese economic data missed estimates.
Beijing is accelerating a campaign to replace foreign tech and achieve self-sufficiency in key areas including semiconductors, as US-led multinational export controls start to cripple China’s ability to develop advanced chips. The Chinese government is prioritizing the building of a domestic chip supply chain to try and move past those sanctions and ensure it has enough semiconductors to power its economy.
Chinese Chip Gear Profits Soar After US Curbs Spur Local Buying
(Bloomberg) -- Two major Chinese chip equipment makers are predicting a doubling in profits after the US clamped on exports of American technology, forcing manufacturers to rely on homegrown alternatives.Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch...