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Investors remain cautious on Chinese stocks despite US trade tensions /
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2024-06-25 19:07:24

Investors remain cautious on Chinese stocks despite US trade tensions on Nostr: US sanctions impact Huawei's AI chip production, affecting Chinese companies ...

US sanctions impact Huawei's AI chip production, affecting Chinese companies
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#6e511397 ver:0.17

US sanctions on Huawei are affecting the production of its AI chips, impacting Chinese companies. Huawei's chip fabrication machines are breaking down, and the company can't receive equipment from US companies due to sanctions. This slowdown could affect Chinese companies like Baidu and Alibaba. Despite this, Huawei released the Mate 60 Pro smartphone with a Kirin 9000s chip. US Secretary of Commerce criticizes the chip, saying it's 'not nearly as good' as US-made chips. #Huawei #USsanctions #AIchips...

#newstr #Huawei #UsSanctions #AiChips #China #Baidu #Alibaba

https://here.news/story/6e511397?ver=0.17
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