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China’s top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei ‘breakthrough’ (www.cnn.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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China’s top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei ‘breakthrough’::Shares in SMIC, China’s largest contract chipmaker, plunged on Thursday, after two US congressmen called on the White House to further restrict export sales to the company.

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[–] piecat@lemmy.world 3 points 1 year ago (2 children)

They moved our jobs and production, and for what? Cheaper trinkets and widgets?

[–] umbrella@lemmy.ml 6 points 1 year ago* (last edited 1 year ago)

bigger profit margins*

the potential for cheap mass produced goods was always there, the US had the manufacturing capacity to do it pretty easily themselves

[–] flucksy_bango@lemmy.world 1 points 1 year ago

Who's "they?"