Sanctions fallout erupts! Massive layoffs after US loses $320 billion chip order from China!

Welcome to VOC - Vision of China,In today’s video, we provide updates on the significant restrictions imposed by the United States on China’s chip industry, particularly in the semiconductor sector. These restrictions have had some impact on China’s semiconductor industry, but the overall situation is not as favourable for the United States as they had hoped. In fact, China has cancelled $320 billion worth of semiconductor orders from the United States, creating an unprecedented crisis. Not only the United States, but also Japan has imposed strict controls on semiconductor products from unfriendly countries and regions, affecting a large part of the industry. This has significant implications for economic trade between China and the United States and the development of the international semiconductor industry. Furthermore, the Netherlands, another semiconductor powerhouse, recently restricted the export of photolithography technology to China, severely affecting China’s chip production.