US Tech Embargo Has Pushed Beijing for Self-Sufficiency, Drives Local Chip Equipment Firms to Double Profits
Portfolio Pulse from Anusuya Lahiri
Chinese chip equipment makers Advanced Micro-Fabrication Equipment Inc and Naura Technology Group Co expect to double their profits due to the U.S. tech embargo forcing manufacturers to seek domestic alternatives. However, their stocks dropped after recent Chinese economic data missed estimates. Meanwhile, the embargo has created an underground market for chips, with vendors in Shenzhen claiming the availability of Nvidia Corp's A100 AI chips at double the usual price.
July 17, 2023 | 12:06 pm
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NEGATIVE IMPACT
Applied Materials, Inc may face competition from Chinese chip equipment makers due to the US tech embargo.
The US tech embargo has led to Chinese manufacturers seeking domestic alternatives, which could increase competition for Applied Materials, Inc.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Lam Research Corp may face competition from Chinese chip equipment makers due to the US tech embargo.
The US tech embargo has led to Chinese manufacturers seeking domestic alternatives, which could increase competition for Lam Research Corp.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Nvidia Corp's A100 AI chips are being sold in an underground market at double the usual price due to the US tech embargo.
The US tech embargo has created an underground market for Nvidia Corp's A100 AI chips, which are being sold at double the usual price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70