this post was submitted on 09 Sep 2023
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China’s top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei ‘breakthrough’ (www.cnn.com)
submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world
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China’s top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei ‘breakthrough’::Shares in SMIC, China’s largest contract chipmaker, plunged on Thursday, after two US congressmen called on the White House to further restrict export sales to the company.

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[–] Edgelord_Of_Tomorrow@lemmy.world 0 points 10 months ago (1 children)

When was the last time you compared US and Chinese economic data?

[–] ram@lemmy.ca 2 points 10 months ago (1 children)

Never in any holistic manner, would you care to enlighten me?

[–] Edgelord_Of_Tomorrow@lemmy.world 0 points 10 months ago

Hint: China is not doing well and there is no clear path for their recovery.