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China reportedly orders state-owned mobile carriers to replace foreign chips [Yahoo! Finance]
Last micron technology, inc. earnings: 3/25 04:01 pm
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5G networks, from using subsidies to buy equipment from companies deemed a national security threat. Chinese manufacturers Huawei and ZTE were at the top of that list. Now, China is implementing a similar measure: According to the Wall Street Journal , the Ministry of Industry and Information Technology has ordered state-owned mobile operators, including the two biggest carriers in the country, to phase out foreign chips. The regulator has reportedly told China Mobile and China Telecom, along with all other state-owned carriers, to check their networks for any semiconductors that weren't manufactured locally. It then asked them to determine a timeline to replace them. The Journal's sources said that it's now possible to switch to domestic chips, thanks to improvements in their quality and performance over the past few years. Chinese companies like Huawei were forced to design their own semiconductors after getting hit by trade sanctions, in order to be self-sufficient and in case th
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