China's Chipmaking Investments Top US, Taiwan, South Korea Combined: What It Means For Nvidia, ASML

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China's Chipmaking Investments Top US, Taiwan, South Korea Combined: What It Means For Nvidia, ASML - Benzinga

Quick Summary:

China Goes All-in On Domestic Production

The Chinese government has been investing heavily into developing the technology needed to gain independence from the global supply chain and reach advanced manufacturing levels.

Increased investment by the Asian giant in its domestic manufacturing capabilities could eat away at sales for top chip makers like NVIDIA Corp (NASDAQ:NVDA) and supply chain manufacturers like ASML Holding NV (NASDAQ:ASML).