POPA ReconWhat happened to the market?
What happened to the market? China is entering the chip industry… 1. Record IPO of China’s largest memory chipmaker CXMT. Apple is already testing their chips for products sold in the Chinese market. Direct competitor to SK Hynix and Micron (MU). 2. China Starts Mass-Producing Homegrown DUV Chipmaking Tools, An Advance for Local Chip Industry. State-backed Shanghai Yuliangsheng Technology (linked to Huawei/SiCarrier) is entering the market of absolute monopolist ASML. Result: SKHY -18%, MU -15%, SNDK -15%, ASML -8%, CXMT +500% —— RU
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