Multiple publicly traded Chinese companies have notified their investors that the recently imposed tariffs from the trade war do not concern them, reports theSouth China Morning Post, largely because US sanctions have already prevented them from selling into the US.
China’s high-tech industry has a number of world-class companies that develop products that are competitive far beyond Chinese borders. But given the sanctions imposed against these entities in recent years, it is hard to find products from Huawei, Loongson, or Longsys outside of China.
Cambricon Technologies(an AI processor developer),Loongson(CPU designer),Leaguer Microelectronics(an IoT IC designer),Longsys Electronics(a maker of storage systems), andMaxscend Microelectronics(an RF chip developer) all said that they were not going to be impacted by massive tariffs imposed by the U.S. government in their filings for investors, according to SCMP.
Based on the SCMP report, these companies will indeed not suffer from thepunitive tariffs the U.S. has imposedon products from China:
Hardware makers from China ship tons of hardware, including domestically developed chips and domestically developed systems on those chips. That industry has been aimed mostly internally so far though, so no financial impact on the aforementioned companies at this point. However, what about indirect impacts? That remains to be seen.
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Anton Shilov is a contributing writer at Tom’s Hardware. Over the past couple of decades, he has covered everything from CPUs and GPUs to supercomputers and from modern process technologies and latest fab tools to high-tech industry trends.
