China's semiconductor index leapt close to a three-year high on Monday on bets a U.S. order halting Taiwan Semiconductor Manufacturing Co's shipments of advanced chips to Chinese customers could accelerate Beijing's self-reliance efforts.
TSMC will suspend shipments of certain sophisticated chips to some Chinese clients after receiving a letter from the U.S. Department of Commerce imposing export restrictions.
Analysts said that while the move might lead to some short-term pain for Chinese firms involved in designing chips for artificial intelligence accelerators and graphics processing units, it could benefit the domestic chipmaking sector as companies would have few alternatives.
The CSI Semiconductor Index jumped more than 6%
"In the medium and long term it will force the reorganization of the supply chain, increase the demand for domestic advanced process production capacity, and promote technological breakthroughs in upstream semiconductor equipment and materials,"
TSMC will suspend shipments of certain sophisticated chips to some Chinese clients after receiving a letter from the U.S. Department of Commerce imposing export restrictions.
Analysts said that while the move might lead to some short-term pain for Chinese firms involved in designing chips for artificial intelligence accelerators and graphics processing units, it could benefit the domestic chipmaking sector as companies would have few alternatives.
The CSI Semiconductor Index jumped more than 6%
"In the medium and long term it will force the reorganization of the supply chain, increase the demand for domestic advanced process production capacity, and promote technological breakthroughs in upstream semiconductor equipment and materials,"
10 months ago
