China ban would slow, not halt, Western solar push [Reuters]
Applied Materials, Inc. (AMAT)
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Source: Reuters
Beijing may ban the export of technology used to make solar panels, an industry which China dominates by controlling at least 75% of its global supply chain. That has repercussions for the West's drive to create its own green energy industry. Beijing's mooted ban borrows from the West's own tactics in the chip war. America is trying to slow the People's Republic's technological development by restricting the export of tools and software used to make advanced chips. Beijing's curbs, which have yet to be detailed , would cover technology and machinery used to produce solar panel components such as large wafers, black silicon and ultra-efficient silicon ingots, Chinese media have reported. The ban would not, however, extend to China's solar panels themselves, protecting an export market worth $40 billion in the first 10 months of 2022, sector data shows Losing access to Chinese solar technology, such as furnaces for melting silicon, would not be an insurmountable problem for the West
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AMAT
Earnings
- 2/15/24 - Beat
AMAT
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 3/11/24 - Form 4
- AMAT's page on the SEC website