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Mainland CN Requires SMIC to Adjust Shipments, Prioritizing Huawei & Other Big Firms: Wire
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The Chinese government is actively taking the initiatives to aid domestic tech giants in coping with U.S. chip restrictions, for example, requiring SMIC (00981.HK) to adjust shipments to prioritize meeting the needs of large tech companies like Huawei, the Wall Street Journal, citing people with the knowledge of the matter, reported. China is endeavoring to achieve semiconductor self-sufficiency, and relevant departments have instructed state-owned data centers to stop using Nvidia (NVDA.US) chips, sources divulged, with some data centers even discontinuing the use of Nvidia products already in operation. AASTOCKS Financial News Website: www.aastocks.com |
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