China is phasing out US-made chips and software from government computers in favor of domestic alternatives, aiming for technological independence amidst rising tensions with the US.
After the US took several steps to prevent Chinese companies from acquiring both the latest Nvidia AI chips as well as Europe's semiconductor titan ASML from sending its advanced chipmaking machines to Beijing which resulted in a one-time flood of Chinese orders into both ASML and NVDA ahead of the sales ban which the market assumed was a recurring thing and priced out Nvidia revenue growth ridiculous higher compared to where it will end up being, China has retaliated by introducing new...
Beijing’s procurement revamp is part of a national strategy for technological independence in the military, government and state sectors that has become known as xinchuang or “IT application innovation”. State-owned enterprises were similarly told by their overseer, the State-owned Assets Supervision and Administration Commission, to complete a technology transition to domestic providers by 2027, according to two people briefed on the matter.
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