SINGAPORE/BEIJING - As the U.S. tightens its restrictions on China's semiconductor industry, Chinese manufacturers of tools used to make chips are benefiting, with orders from the country's foundries accelerating in recent months.
From July to August 2023, 62% were won by Chinese suppliers compared to only 36.3% from March to April, the brokerage's analysts said. China's foreign ministry said on Wednesday that it has lodged a stern rebuke over the latest chip restrictions, saying that they violated the principles of the market economy and fair competition.
AMEC and Naura in particular were receiving more orders from China's largest foundries SMIC and Hua Hong Semiconductor, he added.The equipment-related revenue of China’s top 10 domestic equipment manufacturers grew 39% year-on-year for the first half of 2023, representing $2.2 billion in sales, according to a report by CINNO Research.
The Huatai Securities report revealed that for the first eight months of 2023, only one tender for lithography equipment was awarded to a Chinese company, out of many bids.
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