Chinese chipmakers thrive despite curbs

US bid to curtail access to advanced tech counterproductive, insiders say

China is accelerating its semiconductor production, which is essential for artificial intelligence development, despite facing US export controls, according to recent industry reports.

The advancement comes as US efforts to curtail China's AI capabilities have been criticized by industry experts as counterproductive, with China demonstrating remarkable adaptability in overcoming trade barriers.

A new report from Jefferies, a New York-based investment bank, highlights how China has strategically reallocated semiconductor manufacturing equipment to domestic firms best suited to utilize it.