Posted 4/12/2024, 1:30:01 PM
China Orders Switch to Domestic Chips, Boosting Local Industry While Hitting U.S. Tech Firms
- China ordered state-owned mobile carriers to replace foreign chips with domestically made ones
- Comes after 2019 FCC ban on using subsidies to buy gear from companies like Huawei deemed national security risks
- Aims to boost China's domestic semiconductor industry, which grew after trade sanctions
- Follows bans on US-made tech in government institutions and Micron Technology chips
- Major losses expected for Intel and AMD, which get lots of revenue from China market and now face new competition