China’s self-developed chip efficiency grows 14 times after canceling $51.9 billion US chip order!

Welcome to VOC - Vision of China,In this video, we provide the latest updates on China’s booming self-developed chip industry, which experienced a staggering 14-fold increase in sales after canceling $51.9 billion in US chip orders. China holds approximately one-third of the US technology market share, with chip sales accounting for about one-third of the global market. Notably, Qualcomm generates % of its total revenue from the Chinese market. However, the US’s chip restrictions on China in 2022 resulted in significant losses for the US chip industry. Speculations arise about the potential impact on chip enterprises if the US intensifies sanctions or if China halts chip imports, with some foreign media suggesting that the US chip industry might struggle to endure such blows.