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Xiaomi among tech groups to be hardest hit by U.S. chip software ban, FT reports

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.

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