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US exports to China increased last year, but the data is ‘misleading’ according to the Peterson Institute of International Economics and the ‘two economies are becoming less directly interdependent’.
Nvidia, Advanced Micro Devices and other US tech firms are scrambling to assess whether they must halt sales to units of China’s Inspur Group after its addition to a US export blacklist.
State Council draft plan emphasises need for technological self-reliance to fend off ‘external containment and suppression’.
Arm is expected to submit paperwork in late April for its IPO, which is expected to be underwritten by Goldman Sachs, JPMorgan Chase, Barclays and Mizuho Financial.
China’s economic tsar told chip executives that a ‘whole nation’ approach was the best way to grow its semiconductor industry, which is facing intense pressure from US export controls.