China continues to be a vital market for US semiconductor companies despite escalating geopolitical tensions. Due to China's huge demand for chips, US chipmakers generate billions yearly from China. Export controls discussed by the US could disrupt chipmaker sales and operations in China if it retaliates against American tech. China is advancing its domestic semiconductor industry by investing billions of yuan in subsidies to enhance local manufacturing in response to technology access restrictions imposed by the U.S. and the Netherlands.
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00:00 It's Benzinga and here's what's on the block.
00:02 China continues to be a vital market for U.S. semiconductor companies despite escalating
00:07 geopolitical tensions as U.S. chipmakers generate billions yearly from China due to its huge
00:11 demand for chips.
00:13 Export controls under discussion by the U.S. could disrupt chipmaker sales and operations
00:17 in China if it retaliates against American tech.
00:20 China is advancing its domestic semiconductor industry by investing billions of yuan in
00:24 subsidies to enhance local manufacturing in response to technology access restrictions
00:29 imposed by the U.S. and the Netherlands.
00:31 For all things money, visit Benzinga.com
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