Shares of China's largest silicon chip maker, SMIC, plummeted on Monday after Reuters reported that the US plans to blacklist the company.
Beijing-based AI chipmaker Cambricon was officially listed on the Sci-Tech Innovation Board on July 20, 2020, with an issue price of 64.39 yuan per share, a 288% increase at the opening.
China VC Weekly reports the updated investment information in fields of Chips, Biotech, Cleaning Robots and Car Rental.
According to local news on December 13, Samsung will increase its investment in its Chinese chip plant by $8 billion as the second stage of the second phase of the project.
Huawei takes another heavy hit as ARM Holdings, a British semiconductor and software design company, cuts ties with it to comply with U.S. sanctions.
Over the weekend, tech companies including Amazon, Apple and Supermicro had put out statements to deny Chinese hacking allegations made by Bloomberg Businessweek last week.
Alibaba Group, the biggest e-commerce company in China, is setting up its own chipmaking subsidiary, Pingtouge Semiconductor Company, to make its in-house artificial intelligence inference chips.
Since the start of the China-U.S. trade war, the United States has repeatedly attacked China's weaknesses, letting more and more Chinese realize the importance of China-made chips. On May 1, Arm Holdings, a British multinational semiconductor and software design company owned by the Japanese SoftBank Group, announced an Arm joint venture in China.