QCOM - Despite US-China Tensions Beijing Remains Crucial Market For Nvidia Intel And Other American Chipmakers: Report | Benzinga
The semiconductor industry continues to navigate the complex geopolitical landscape, with U.S. companies maintaining a significant presence in the Chinese market despite stringent export controls.
What Happened: China remains a critical market for U.S. semiconductor firms, even as the U.S. government intensifies efforts to limit China’s access to advanced chip technology, CNBC reported on Friday.
Data from S&P Global showed that since October 2022, the U.S. has enacted export controls, yet companies like Intel (NASDAQ:INTC), Broadcom (NASDAQ:AVGO), Qualcomm (NASDAQ:QCOM), and Marvell Technology (NASDAQ:MRVL) report greater revenues from China than from the U.S. These controls target AI-related chips but permit sales of most other chip types to Chinese entities.
U.S. chipmakers leverage their technological lead to serve the Chinese market, which consumes nearly half of the global semiconductors. Firms like Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC) have developed modified AI chips for China to adhere to U.S. regulations.
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