China Breaks Dutch Company's Hold on Chipmaking Technique
In brief
- China has broken the Dutch company ASML's hold on deep-ultraviolet lithography, a technique essential to the computer chip supply chain.
- This matters because it affects the global AI economy.
- The Chinese memory chipmaker CXMT floated on the Shanghai stock market, soaring by 466% in value to 3.3tn yuan.
- This development sent many indices sliding, with South Korea's main share index falling 11.5% on Tuesday.
- The Chinese advances mean western investors are jittery, but CXMT's debut is more of a boon to the global AI economy than a threat.
- The company makes dynamic random-access memory chips, which store data for AI calculations, and its production will help address the global shortage of these chips.
- China's chipmaking abilities will continue to grow.
Read full story at theguardian.com →
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