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Eurasia
08/05/2023 06:00
“The US sanctions have advanced China’s ambitions in semiconductor technology and helped boost revenue growth for Chinese equipment makers,” said Sravan Kundojjala, senior semiconductor industry analyst at TechInsights, according to SCMP.
"The American suppliers suspended their business on the mainland after the US Department of Commerce released updated policies intended to halt shipments of advanced chips and semiconductor-manufacturing technology of potential use to China’s military build-up and bid to dominate key industries", the news site recalls, adding that "although disruptive, US sanctions against China’s semiconductor industry have brought a rare opportunity for domestic suppliers to become more closely aligned with the requirements of local foundries and Beijing’s chip ambitions".