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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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[–] hark@lemmy.world 4 points 1 year ago

If companies were so afraid of having their IP stolen, why were they tripping over themselves to work with a totalitarian state? Imaginary Property theft is rampant in all developing countries and that includes the US when it was still developing.