The Biden administration revoked export licenses from Intel (INTC) and Qualcomm (QCOM) for the supply of chips to Chinese tech company Huawei, according to a report from the Financial Times.
Market Domination Anchors Jared Blikre and Josh Lipton break down the latest developments for these chip companies and what it means for their stocks moving forward.About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
Hello yahoo
The problem is that it is too late to revoke export license. Plus American government can not be trusted.
Hopefully we can keep a consistent policy against China.
You can’t win your ban , sanctions!!😂 China should stop sending meds like blood pressure , antibiotics and some more to usa, and rare minerals!! I bet American are crying, not fair!!😂
The Chinese had “virtually” no chip making ability/foundries 6 years ago
thanks to the USA who did the job for the Chinese Government trying to get their people to use homegrown chips
China is now expected to take over those legacy chip markets
If the USA was smarter instead of cutting off China from semiconductor chips and equipment for manufacturing
They should have lowered prices even more, and dump even more chips on China
Instead their idea was to force the hand of Chinese people at the time content with cheap imported chips.
Hope they could not innovate
When China leads the world in 37 of the 44 critical technologies of the future 🙄
At one point China was importing 300 billion in chips a year
Now they will probably be exporting around 200 billion dollars worth of their own homegrown chips per year
👇
How Close Is China to World Dominance in Legacy Semiconductors? 27-02-2024 | By Paul Whytock
* Bread and Butter Technology
Obviously, China would like to be a major player when it comes to high-end sophisticated semiconductor devices, but that doesn’t mean they are not interested in the bread-and-butter end of the market, particularly when it comes to legacy products.
In fact, they are very interested in the legacy market, and there are some very good reasons why.
Legacy devices make up a huge amount of global chip sales. Most chips manufactured today are not advanced chips but legacy chips, and around 71% of devices
* China’s Aggressive Expansion in the Semiconductor Industry
In September 2023, Reuters reported that China was set to launch a new state-backed fund aimed at raising about €43bn to support its chip industry, and according to research analysts, the Rhodium Group, in less than ten years, China is expected to domestically add nearly as much 50–180nm wafer manufacturing capacity as the rest of the World.
The views of industry analysts and observers vary, but generally speaking, it’s thought that 22 wafer fabs are being built in the country, and there is an overall plan to create a total of 30 new wafer fabrication plants.
Many of these will concentrate on the production of legacy devices.
As for market share, industry intelligence gatherers
Trendforce believe China’s legacy chip manufacturing base could provide as much as 30% of the global demand for older devices.
ElectroPages
Why? We pose no threat to you, my god this is crazy
For every China’s hater, there’re at least ten America’s haters so go figure it out.
Against ? Wow . USA is a dictatorship
When you can’t compete, drag them down with ya!
I neeed cheap ssd
Too bad for US companies! Less sales for Intel and Qualcomm. US politicians destroying US companies and blaming the Chinese! Country is truly going down the drain.
Stupid does stupid😂
Didn’t China already forbid its telecoms companies to use Intel back in March?
Nope
China did… This is just an embarrassed ex telling her friends that she dumped her partner, while everybody knows it’s the other way around
China banned them in telecom equipment, but not (yet) in laptops
@@yiquny thanks for clarity. But it means China already has an alternative. Perhaps not at a very large scale, but it is there
Its already too late. US thought China couldn’t make chips. Well all Bidens plans turned to curly fries.
As a Chinese I appreciate this sanction. The Chinese chips are not yet very advanced, so at this stage we need US government to stop intel and Qualcomm from occupying the Chinese market.
Agreed with this view. Chinese consumers tend to look for the best and local Chinese companies manufacturing computers chips and related items can only get a very small segment of the market. When there no better options the products of local companies will get the market segment vacated ( with very effects on the consumers because you don’t need the latest CPU to do worksheet or word documents.).
With higher sales revenue local Chinese companies will get bigger budget and motivation to do RnD as well as investment in the next generation technology.
Just as in the EV market local companies fighting for market share in China upended the whole EV market to lead in every aspects of the EV market.
Uncle Sam deliberately crashes onto the ground in order to grab a handful of sand. 😂😂😂😂
So much fear 😂
Huawei does not care anymore. Huawei know it coming. It just matter of time Huawei will self sufficient. 😂😂😂
Blood transfusion does not save A dead person. RIP US techs.
Huawei really doesn’t need qualcomm chips. As for Intel it can replace it with the Kirin 9000s. Huawei is mostly self sufficient in chips now and the Biden administration knew that so it is just slapping this sanctions to appease the idoitic senators and congressmen.
American make everyone scared! Run away from the American!
Government “murder” their own chip industries. Shooting themselves in the foot.
Are you sure it’s not the Chinese rejecting Qualcom and Intel’s sub-par chips 😂 there’s been this rumour for a month in Chinese news
Marco Rubio being jealous of china
USA can’t complete fairness in its own Capitalistic system lol
They don’t need you
Wow 😮
Merica: The end of free trade and the origin of trade protectionism.
Do they not know that China still gets chips from Taiwan and others? 😂
Looks like we had some insider trading there.
Its sad that we as america fought for trade taxes to be lower then we turn around and ban anyone who we get scared to compete with😂
Chinese chip companies must be very happy with this piece of good news.
US bans their companies for sales to China and complains about trade deficit. Some screws are definitely loose in their heads 😅
Who is this supposed to hurt?
Don’t understand why USA keeps fighting a losing battle
US made chips are stale AF! Those US made chips are a threat to China’s international security!
US politicians voted to ban Huawei in China…
As if Huawei cares. Chinese chips will dominate the future tech preeminence. Thanks to US sanctions to speed that up.
Thanks for backing Huawei and China’s chip independence! Great timing to support China’s path in the tech.
Unfair act !😂
The U.S. tries to abuse its own children to enrage its opponents.
The latest tear down of a Pura phone shows all main components are locally sourced (and mostly everything else). This includes cpu, GPU, memory and storage. So not sure what is the point of the sanction.
Us needs to grow up
In no time ,China will overtake in chip manufacturing for computer and high end,cutting edge technology,but I also believe America will still retain its supremacy globally in chip making that’s potato chips
It looks like Biden is working for China. Biden is making Made in China 2025 plan comes true earlier.
Childish and Immature