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DeepNewz, mobile.
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Major global chip equipment makers have seen their revenue share from China double since the U.S. imposed export controls, according to CNBC. These restrictions are expected to accelerate China's chip manufacturing capabilities. U.S. controls are causing chip and tool manufacturers in the United States and allied nations to lose considerable business in China, leaving these companies with less money to invest in research and development.
It took about 2 years but I think the US is starting to realize it made yet another giant self-defeating mistake with their China chip ban. As I've been pointing out since day 1 and as this article now highlights, the chip ban: - is "expediting China’s indigenous development of… https://t.co/rLcnhc5ate
The Limits of the China Chip Ban https://t.co/Dccp2YpJNs via @ForeignAffairs
U.S. controls will cause chip and tool manufacturers in the United States. and allied nations to lose considerable business in China, leaving these companies with less money to invest in R&D, write @HannaDohmen, @jacob_feldgoise, and @CharlesKupchan. https://t.co/YRODVhC8K9
