Chinese tech heavyweights including Alibaba Group (BABA), ByteDance and Tencent Holdings (0700 CH) are turning to domestic chipmakers to ease the pain from a deepening global shortage of memory chips The Information reports
Importance
Level 1
- Chinese tech giants pivot to domestic memory chipmakers.
- Foreign memory makers prioritize HBM, limiting standard chip supply.
- Domestic deals mark milestone for China’s memory chip industry.
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