Benzinga US Tech Embargo Has Pushed Beijing for Self-Sufficiency, Drives Local Chip Equipment Firms to Double Profits Chinese chip equipment makers Advanced Micro-Fabrication Equipment Inc and Naura Technology Group Co expect a doubling in profits after the U.S. tech embargo forced manufacturers to seek domestic alternatives. Advanced Micro-Fab said net income for the first half likely grew 110% - 120%. Naura reported on Friday a 121% - 156% growth in profit to as much as 1.93 billion yuan ($270
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