Reported 13 days ago
China's semiconductor index approached a three-year high following a U.S. export restriction on TSMC, halting shipments of advanced chips to Chinese clients. This move is seen as propelling China's self-reliance in chip manufacturing, despite potential short-term challenges for affected firms. The CSI Semiconductor Index and CSI Integrated Circuits Index both experienced notable increases, with shares in China's largest foundry, SMIC, rising significantly. Analysts believe this situation could lead to long-term supply chain restructuring and increased demand for domestic production capacities.
Source: YAHOO