Four giant chip companies saw revenues from China jump 4% since the US tightened export controls.

BofA reveals the world's four largest chip companies saw revenue jump 4% from selling chipmaking machinery to China. Since the US tightened export controls Reveals that China is accelerating the purchase of machinery to stock up. to develop the chip itself

On July 24, 2567, CNBC reported that The world's four largest semiconductor machinery makers have more than doubled their revenue from China since the United States began imposing restrictions on exports of cutting-edge chip technology to China in late 4.

Bank of America (BofA) stated that four major chip companies— ASML of the Netherlands and KLA Corp , Lam Research and Applied Materials of the United States —showed that their revenue from China increased to 41% in the first quarter of 2024 from 17% in the fourth quarter of 2022.

China has rushed to order and stockpile semiconductor manufacturing equipment and machinery. Since the issuance of such regulations These products are at the center of trade tensions between the United States and China. and will come under even more pressure. When the United States tightens export rules to be even stricter than before.

By elevating strict export measures from the United States. As a result, China hastened the development of its own chip production technology. which is one of the important national goals This was emphasized by senior leaders of the Chinese government at the 20th Third Plenum of the Chinese Communist Party, which concluded on July 3.

China is accelerating the development of the country's chip production potential. To reduce reliance on the United States and foreign companies Amid global chip supply challenges and tensions

Reference: cnbc.com