Tech

U.S. sanctions strengthen China’s chip-making industry

China’s chip industry is growing faster than anywhere else in the world after US sanctions on local champions from Huawei to Hikvision fueled a desire for its own parts. From the report: On average, 19 of the 20 fastest-growing chip industry companies in the world over the past four quarters Hail in the world’s second-largest economy, compared to just eight at the same time last year, according to data gathered by Bloomberg. A China-based supplier of design software, processors, and gears essential for chip manufacturing, global leader Taiwan Semiconductor Manufacturing Co., Ltd. Or you are multiplying your profits by several times, like ASML Holding NV.

This massive growth exemplifies how tensions between the United States and China are transforming the $550 billion global semiconductor industry. This is a sector that plays a huge role in everything from defense to the advent of future technologies like AI and autonomous vehicles. In 2020, the United States will enter Semiconductor Manufacturing International Corp. and Hangzhou Hikvision Digital Technology, which successfully curbed growth by starting to limit sales of US technology to companies such as Hangzhou Hikvision Digital Technology, but fueled a boom in Chinese chip manufacturing and supply.

U.S. sanctions strengthen China’s chip-making industry

Source link U.S. sanctions strengthen China’s chip-making industry

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