China Premier Visits US-blacklisted Chipmaker in Show of Support bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Chinese Premier Li Qiang visited the country’s foremost developer of memory chips, in the latest show of government support for US-sanctioned Yangtze Memory Technologies Co. as the two powers clash over technology.Most Read from BloombergFed Sees Rates Staying High for Some Time With Cuts Eyed in 2024Confidential Jeffrey Epstein Documents Unsealed by New York CourtSaving the Panama Canal Will Take Years and Cost Billions, If It’s Even PossibleTech Stocks Log Four-Day Losing Streak
Shares of Chinese companies sanctioned by the US were among the best performers in the local market last year. Can they keep outperforming, with sanctions likely to multiply in both directions this year?
US government reportedly planning on expanding restrictions on the Chinese DRAM industry, after its massive regulations on the AI GPU industry in China.