Analyses by the New York Fed and the Center for Strategic and International Studies confirm that US semiconductor companies are losing tens of billions of dollars per year in sales.
In an 18-month period immediately following strict sanctions against US chip exports to China, US companies lost an average of $770m in market capitalisation, with $130bn in lost market capitalisation industry-wide.
In company-specific examples, Micron has lost half of its revenues as a result of China export restrictions.
In 2024 alone, Qualcomm will forego $10bn in lost sales of 7-nanometer chips which are now manufactured by SMIC, a Chinese semiconductor firm.
The US now faces strong challenges from companies in allied countries, who are resisting calls to further decouple from China’s semiconductor market, the world’s largest.
Produced by: Inside China Business
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