The state-backed fund is looking to support various elements of the semiconductor supply chain, including “design, equipment, components and raw materials,” state media says

US Commerce Secretary warns chip sector that Washington is set to “transform” its approach to export controls to stop firms like Nvidia from innovating specifically for the Chinese market

The startup makes chips that can use ambient sources of electricity such as light or vibrations as a power source — potentially removing the need for batteries in simple devices

News of the delay follows analysts concerns around Nvidia’s plan to introduce three new chips for China, as developing new chips can be highly resource-intensive

"The shelving is a surprise and makes us wonder if there are issues behind the scenes that we aren't aware of," one analyst said, but news that Jack Ma's family trust was selling shares likely also hurt the stock

Tencent is the second large Chinese technology company to look for domestic alternatives to Nvidia amid tightening US sanctions

In a filing to the SEC, Nvidia noted five chips that will be impacted as the rules go into effect: the A100, A800, H100, H800, and L40S

ASML detailed the chip technology theft, which happened in 2022, in part of its annual report in February this year

Chinese foundries that would earlier use only a small amount of equipment from domestic firms, now want "as few foreign machines as feasible"

The data released by China’s customs department marked a small improvement for the country, which saw an 18.5% decline in chip imports in the first half of the year

TSMC said the US had advised it to apply for a "validated end-user" authorisation, which would serve as a permanent authorisation for its China operations

Samsung makes about 40% of its NAND flash chips at its plant in Xian, China, while SK Hynix makes about 40% of its DRAM chips in Wuxi