China’s canceled $255 billion chip order triggers lithography shutdowns in Europe and the US!

Welcome to VOC - Vision of China,Check out the latest updates on Western nations losing a $255 billion Chinese chip order, leading to a halt in photolithography machine production. Chips are the backbone of the tech industry, with applications ranging from smartphones to autonomous driving, cloud computing to artificial intelligence. The United States leads in chip design, while China is a major consumer market and manufacturing hub. Recent shifts in the global chip supply chain due to factors like tensions, technological restrictions, and the pandemic have reshaped the industry. China’s cancellation of chip orders stems from its rapid progress in semiconductor self-reliance. Huawei’s success in developing the Kirin 9000 series processors highlights China’s chip design capabilities. Additionally, China has made strides in areas like photolithography machines, breaking Western monopolies. The impact is felt globally, with photolithography machine manufacturers facing reduced orders. U.S. chip companies face challenges as China accelerates indigenous research, competes in its market, and expands chip capacity. The global chip market is undergoing a fundamental shift, driven by China’s determination to master core technology.