Make new friends and boost hiring: How China's chip industry plans to deal with Trump

Contributing sentiments towards policy:

79% : "After Trump takes office it is possible that there will be some benefits to the development of China's semiconductor industry in terms of professional talents, multinational companies and foreign cooperation.
57% : Trump notably went after Chinese telecoms conglomerates Huawei (HWT.UL) and ZTE (000063.SZ), opens new tab, as well as chipmaker SMIC (0981.HK), opens new tab, during his first term in office, placing them on trade blacklists that curbed their access to crucial U.S. hardware and software.
48% : Zhu Jing, deputy secretary-general of the Beijing Semiconductor Industry Association, urged Chinese chip firms on Thursday to beef up their overseas business and expand to more countries, saying there could be opportunities to resume procurement of certain chip imports should global coordination between the U.S., Japan and Europe to enforce sanctions against China weaken under Trump.
41% : Many of the articles also predicted the industry would see a step up in export controls and potential tariffs against it under Trump and that doubling down on self-sufficiency is the way forward.
39% : The industry had been prepared for its relationship with the U.S. to stay difficult whether Trump or his opponent Kamala Harris won, though some had expected more long-lasting challenges for the sector under Harris.BETTER PREPAREDChina has ramped up its purchases of semiconductor equipment from overseas.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.