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China plans to increase its computing power by over a third by 2025, aiming for more than 300 exaflops, up from 220 this year. This initiative is part of Beijing's strategy to enhance its technological self-reliance amidst U.S. sanctions. The plan includes constructing 20 new smart computing centers within two years and expanding optical networks and advanced data storage by 2025. Alibaba Group Holding Limited (NYSE: BABA) and Apple Inc (NASDAQ: AAPL) are mentioned in the context of this development.
October 09, 2023 | 12:52 pm
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POSITIVE IMPACT
Apple has established data centers in China, which could potentially benefit from China's plan to increase its computing power and technological self-reliance.
Apple's established data centers in China could potentially benefit from the country's plan to increase its computing power. However, the impact on its stock price will depend on the success of this strategy and the overall market conditions.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Alibaba is part of China's plan to increase its computing power and technological self-reliance. This could potentially boost Alibaba's business and influence in the tech sector.
Alibaba's involvement in China's tech self-reliance strategy could potentially boost its business and influence in the tech sector. However, the impact on its stock price will depend on the success of this strategy and the overall market conditions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70