Trading & Financial News
No Result
View All Result
Saturday, June 28, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Economy

China Orders Telecoms to End Use of US Chips by 2027

by Tradinghow
April 12, 2024
in Economy, Stock Trading
A A
0
China Orders Telecoms to End Use of US Chips by 2027
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB

 

China’s largest telecom firms were ordered earlier this year to phase out foreign computer chips from their networks by 2027.

That news, which confirms and expands on reports from recent months, came from the Wall Street Journal on Friday, which cited people familiar with the development.

The move will hit US chip giants Intel and Advanced Micro Devices, as the Financial Times, TrendForce and other outlets said recently. Asia Financial reported in late March that these retaliatory bans would cost the US chip firms billions.

 

ALSO SEE: China Customs Data: Exports, Imports Saw Big Falls in March

 

Shares of these companies were down more than 1.5% in premarket trading. Intel and AMD did not respond to Reuters’ requests for comment.

Beijing has ramped up efforts to replace Western-made technology with domestic alternatives amid intense Sino-US trade tensions, as Washington continues to tighten curbs on high-tech exports to its rival.

State-owned enterprises were instructed in 2022 to replace office software systems with domestic products by 2027, the first time such specific deadlines were imposed, according to five brokerage firms that cited a September 2022 order from China’s state asset regulator.

Reuters could not independently verify the order.

China’s Ministry of Industry and Information Technology ordered state-owned mobile operators to inspect their networks for non-Chinese semiconductors and map out timelines to replace them, the WSJ report said.

Beijing had introduced guidelines to phase out US chips from Intel and AMD from government personal computers and servers, the Financial Times had reported in March.

China was Intel’s largest market last year and was responsible for more than 27% of Intel’s total revenue.

Procurements by Chinese telecom carriers show they are increasingly switching to domestic options. This has been made possible in part by the improved quality and stability of local chips, according to the WSJ report.

 

  • Reuters with additional editing by Jim Pollard

 

ALSO SEE:

Four Chinese Firms Blacklisted for Seeking AI Chips for Military

Dutch May Give in to US Push Against Servicing China Chip Tools

China’s Retaliatory Bans Could Cost US Tech Giants Billions

China Bans Government Computers From Using Intel, AMD Chips: FT

Beijing’s Push to Dump Foreign Tech on Display at China Chip Fair

China’s SMIC May Have Breached US Curbs With Huawei Chip

Global Chip Sector ‘Can Never Return to its Pre-Covid Set-up’

Intel Can Keep Selling Chips to Huawei Despite AMD Protests

China Chipmaker Fujian Jinhua Cleared in US Trade Secrets Case

China Tells State Officials to Stop Using iPhones at Work: WSJ

US Expands Ban on Top AI Chips, Curbs to Hit Many Countries

 

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.





Source link

  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
China tech groups lead multibillion-dollar campaign to help exporters sell at home

China tech groups lead multibillion-dollar campaign to help exporters sell at home

April 20, 2025
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
Forexlive Americas FX news wrap: Trump cancels trade talks with Canada

Forexlive Americas FX news wrap: Trump cancels trade talks with Canada

June 28, 2025
Smoke review: Like a Mahesh Bhatt thriller with an Apple-level budget and an MX Player vibe | Web-series News

Smoke review: Like a Mahesh Bhatt thriller with an Apple-level budget and an MX Player vibe | Web-series News

June 28, 2025
Navigating Summer Risks in Property Management

Navigating Summer Risks in Property Management

June 28, 2025
Nigerian billionaire, Dangote, sets ambitious goal with .5 billion fertilizer plant

Nigerian billionaire, Dangote, sets ambitious goal with $2.5 billion fertilizer plant

June 27, 2025

Recent News

Forexlive Americas FX news wrap: Trump cancels trade talks with Canada

Forexlive Americas FX news wrap: Trump cancels trade talks with Canada

June 28, 2025
Smoke review: Like a Mahesh Bhatt thriller with an Apple-level budget and an MX Player vibe | Web-series News

Smoke review: Like a Mahesh Bhatt thriller with an Apple-level budget and an MX Player vibe | Web-series News

June 28, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In