Chen Nanxiang said in a speech at the opening ceremony of the Semicon China conference in Shanghai that this had given him doubts over whether the global semiconductor industry could realise an earlier forecast that it could see $1 trillion in sales by 2030.
Washington put YMTC along with over a dozen players in the Chinese artificial intelligence chip sector on a trade blacklist last year over fears it could divert American technology to previously blacklisted Chinese tech giants Huawei Technologies Co Ltd and Hikvision
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Nvidia, AMD stocks fall on report of new U.S. ban on AI chip exports to ChinaShares of Nvidia and Advanced Micro Devices slumped in the extended session Tuesday following a report that the Biden administration is considering a new ban on sales of AI chips to China.
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Nvidia, AMD stocks hit by reported China chip ban, and other stocks on the moveNvidia and AMD were among chip stocks falling on Wednesday, while Overstock, Blue Apron and AeroVironment were also active.
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