US chip restrictions hinder AI ambitions of China’s top chip foundry, CEO says

US chip restrictions hinder AI ambitions of China’s top chip foundry, CEO says

The chief executive of China’s top foundry said on Friday that the company cannot take full advantage of surging demand for artificial intelligence (AI) chips because of US restrictions on advanced-node technologies. US sanctions have prevented the Shanghai-based foundry from importing advanced tools needed to upgrade its processing and narrow its technological gap with international … Read more

Tech war: China’s chip imports surge as firms stockpile ahead of fresh US restrictions

Tech war: China’s chip imports surge as firms stockpile ahead of fresh US restrictions

In the first seven months of 2024, chip imports totalled 308.1 billion units, worth about US$212 billion, according to data published on Wednesday by the General Administration of Customs. That marked a 14.5 per cent year-on-year jump in volume and 11.5 per cent increase in dollar value. The surge in IC imports reflects expectations that … Read more