The stock of Chinese chipmakers jumped, and investors expect a wave of government support – Game News 24 – Game News 24

The US government’s visit to Taiwan was stimulating. The Chinese government has a tendency to resent the public towards becoming a competitive leader in many industries. This makes it even more desirable for the US …

The US government’s visit to Taiwan was stimulating. The Chinese government has a tendency to resent the public towards becoming a competitive leader in many industries. This makes it even more desirable for the US government to, therefore, continue to make more money to power them out.
Image source: TSMC.
One significant portion of Taiwan’s production capacity is focused on semiconductor chips, not to mention that some of them are the world’s best standards. The Chinese authorities need something to oppose the technology alliance US President-Electrics will propose for Taiwan, attracting the largest asian company to American soil. The accentuation of rivalry between China and the United States may infer one’s first countries to fully invest more in the development of the national semiconductor industry.
According to news reports, the shares of the largest chip manufacturer in China has grown to 33% from its peak date, in the first place in Hong Kong. The US authorities began to harass their interests in the purchase of technological equipment under President Trump; and because of the new stage of restrictions, SMIC is limited to manufacturing and manufacturing of high-end chips in North America. Stocks from SMIC were moving on at $41,01. According to a source, the price of Hua Hong Semiconductor on the route grew by 5%.
The US semiconductor stimulus package, which will be signed by President Biden next week, and put into effect soon, is an indication of China’s crackdown on technology. The recipient of government subsidies will be forbidden to build a limited production of 28-nm, or more advanced chips over ten years in China. These companies that violate this requirements will have to return them to the United States’ financial institution.
As an analyst, next week SMIC expects a 30% drop in revenue in the second quarter. This is because of the global slowdown in the Chinese economy and the slowdown could not bypass this company. Some anonymous sources that are affiliated with her in the past have admitted into an interview. DigiTimesthat, long-term, the restrictions imposed against China cannot affect the Middle Kingdom’s economic and national semiconductor industry. Rather than just old tech, Chinese companies can still grow their industry so large that they can take the active risks of a foreign economy and enhance its competitiveness.
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