Sources: Samsung and SK Hynix are rethinking their China exposure after the US Chips and Science Act, which has qualified “guardrails” against China expansion
Last Friday AMD surpassed Intel in market capitalization: The Economic Times : As US eyes new China chip curbs, turmoil looms for global market Pranay Kotasthane / Technopolitik : 0x04 US-China Competition over Semiconductors is Escalating Vish Gain / Silicon Republic : Why is Nancy Pelosi visiting Taiwan? Tweets: Murad Ahmed / @muradahmed : Important story, this. Samsung and SK Hynix, leading Korean chipmakers, are reevaluating investments in China. Why? They've read the US Chips Act and realised they'll have to take a side. And they're choosing the US - by @crsdavies for @FT https://www.ft.com/... Leila Mechoui / @leilamechoui : The passing of the Chips Act is a far more significant event in the US/CN imperial competition than the Pelosi visit. It shows that the US is getting serious about re-shoring key strategic industries. If it can be successful in doing so, THEN war... https://www.ft.com/... @chinabeigebook : “#Intel has lobbied hard against the move to curb US investments in #China's chip sector & in '21 wanted to ⬆️production in China...Yet only #TSMC is making advanced chips in 🇨🇳 at the moment. Its Nanjing facility makes 28nm & 16nm chips, = SMIC's best” https://www.bloomberg.com/... @nikkeiasia : SEMICONDUCTORS | THE CHIPS ACT CHALLENGE Chipmakers are cheering Washington's long-awaited passage of a bill to provide funding for the U.S. semiconductor industry, but accepting those subsidies could tie their hands when it comes to investments in China. https://asia.nikkei.com/...