Xiaomi (XIACF) is among the Chinese tech companies most impacted by new U.S. chip design export rules, affecting its new 3nm mobile chip made by TSMC (TSM) in Taiwan, The Financial Times’ Zijing Wu and Eleanor Olcott report. Other Chinese companies also using U.S. electronic design automation tools and TSMC’s contract manufacturing for their self-designed chips include Lenovo (LNVGY) and bitcoin mining specialist Bitmain, according to industry insiders. While Alibaba (BABA) and Baidu (BIDU) have designed their own chips, the impact of the EDA ban on them is unclear at present, the report says.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XIACF:
- China warns of ‘vicious competition’ after BYD cut prices, Bloomberg say
- Xiaomi Corp’s Earnings Call: Record Growth & Strategic Advances
- Xiaomi Announces Share Awards to Boost Employee Engagement
- Xiaomi’s Strong Q1 2025 Performance and Strategic Initiatives Drive Buy Rating
- Xiaomi’s Strong Q1 2025 Performance Justifies Buy Rating and Raised Target Price