Chip industry globalisation under threat, says chief of China's YMTC

📆 29/06/2023 12:41:00
📰 Reuters

⏱ Reading Time:
14 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Geopolitics and the national security concerns of some countries are threatening the globalisation of the world’s chip industry, which is now in a turbulent era, the chairman of memory chipmaker Yangtze Memory Technologies (YMTC) said on Thursday.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: MarketWatch - 🏆 3. / 97 Read more »

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.
Source: MarketWatch - 🏆 3. / 97 Read more »