“Shares of several Chinese companies related to the semiconductor industry rose sharply.”, — write: www.epravda.com.ua
Shares of several Chinese companies related to the semiconductor industry rose sharply.
About this informs Reuters.
It is noted that the shares of Shanghai Zhangjiang Hi-Tech Park Development and Shanghai Highly Group rose by 10%. Sanhe Tongfei Refrigeration, which has a wider trading range, achieved its 20% growth.
Shenyang’s Blue Silver Industrial Automation Equipment Index ended the day up 10.7%.
The increase came after China’s Ministry of Industry and Information Technology (MIIT) issued a manual promoting the use of basic domestic technical equipment.
The MIIT manual specifically mentions two models of lithography machines and recommends their use by government organizations.
Chip manufacturing tools have become central to China’s drive to develop its domestic semiconductor industry. The sector has faced significant challenges due to U.S. and allied restrictions on exports of advanced equipment to China, part of an ongoing effort to curb Beijing’s technological advances.
We will remind:
China statedwhich is unhappy with the Netherlands’ new export controls on ASML chip manufacturing tools.
China spent on chip manufacturing equipment in the first half of the year, more than South Korea, Taiwan and the United States combined.