China’s top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei ‘breakthrough’::Shares in SMIC, China’s largest contract chipmaker, plunged on Thursday, after two US congressmen called on the White House to further restrict export sales to the company.

  • piecat@lemmy.world
    link
    fedilink
    English
    arrow-up
    3
    ·
    1 year ago

    They moved our jobs and production, and for what? Cheaper trinkets and widgets?

    • umbrella@lemmy.ml
      link
      fedilink
      English
      arrow-up
      9
      ·
      edit-2
      1 year ago

      bigger profit margins*

      the potential for cheap mass produced goods was always there, the US had the manufacturing capacity to do it pretty easily themselves