China stops buying US chips! Huawei announced that it stopped importing Qualcomm chips!

Welcome to VOC - Vision of China,In this episode, we explore the significant shift in the semiconductor industry as Qualcomm faces unprecedented challenges. The U.S. government’s tightening restrictions on technology exports have had a profound impact on Qualcomm, a key player in the U.S. semiconductor sector. We delve into the intricate dynamics of this situation and China’s rapid ascent in chip manufacturing. Qualcomm, long a prestigious name in the global semiconductor industry, now confronts a changing market landscape, with a focus on mobile chips. Reports reveal plans for layoffs and strategic moves due to declining demand, affecting around 1,258 employees. The company’s heavy reliance on the smartphone market and the impact of Huawei’s Kirin chips contribute to its challenges. China, a significant source of revenue for Qualcomm, has steadily increased in importance over the years. However, with Huawei’s Kirin chips taking center stage, Qualcomm’s market share has diminished. This highly competitive environment and U.S. government technology restrictions further complicate the situation.