Economic cold war looms as Chinese chipmakers feel sting of US trade restrictions
The Biden administration's efforts to stymie China's semiconductor industry appear to have got the attention of chipmakers.that China's Ministry of Industry and Information called an emergency meeting, inviting some of the country's largest chipmakers to voice their concerns. Many, including Yangtze Memory Technologies Co., reportedly painted the Biden administration's trade bans as extremely harmful to their businesses.
While China may be an economic powerhouse, its domestic semiconductor industry remains years behind those of South Korea, Taiwan, or – for the moment at least – the US.that China's Semiconductor Manufacturing International Co. possesses the ability to produce chips on 7nm processes. That's an impressive feat and suggests it could manufacture sophisticated products China can use to fulfil its ambitions for massive use of AI and the Internet of Things.
Lam Research produces equipment essential to high-end semiconductor manufacturing for foundry operators. However, the ban on export of the company's tech to China has put a damper on the company's prospects for the region.investors the Biden crackdown on Chinese chipmakers could cost the company between a quarter and half a billion dollars in sales in Q4.from its plans to use YMTC's memory modules in China-bound iPhones.
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Chinese chipmakers feel sting of US trade restrictionsEconomic cold war looms as Chinese chipmakers feel sting of US trade restrictions
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