Latest news with #LeaguerMicroelectronics
Yahoo
13-04-2025
- Business
- Yahoo
Chinese chip giants say they don't care about U.S. tariffs — many don't sell to the U.S. anyway due to existing sanctions
When you buy through links on our articles, Future and its syndication partners may earn a commission. Multiple publicly traded Chinese companies have notified their investors that the recently imposed tariffs from the trade war do not concern them, reports the South 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), and Maxscend 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 the punitive tariffs the U.S. has imposed on products from China: Cambricon stated that revenue from overseas markets contributed less than 1% of its total income in both 2023 and 2024. The company had already been impacted by its 2022 placement on the U.S. Entity List. The new trade measures would not significantly affect its business. Huawei apparently did not make any noticeable announcements, though its business in China, Russia, and Iran will clearly not be hurt by the U.S. government's sanctions. Loongson Technology reportedly said that the new import duties have had no negative impact on its operations. Leaguer Microelectronics disclosed that its products are made in China and bought in China. This internal sourcing shields it from external disruptions. Longsys Electronics, a major supplier of storage solutions, reportedly said that its Brazilian subsidiary plays a key role in buffering the effects of ongoing trade disputes. As it sources 3D NAND memory from all major vendors, it can probably supply to customers in the U.S. Maxscend Microelectronics noted that its RF chips are focused on domestic supply, so the U.S. market and tariffs are not an issue. 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. Sign in to access your portfolio
South China Morning Post
10-04-2025
- Business
- South China Morning Post
Trump tariffs: Chinese chip firms shrug off trade war, as US already cut them off
A number of listed Chinese semiconductor companies have reassured investors that they are largely unaffected by China's increased import tariffs, citing earlier US sanctions as a mitigating factor. Advertisement Cambricon Technologies, a Shanghai-listed AI processor developer, said on Thursday that its overseas revenue in both 2023 and 2024 accounted for less than 1 per cent of total revenue. The company already faced significant restrictions from its inclusion on the US Entity List in 2022, it noted. 'The latest tariff increases will not substantially impact our operations,' the company said. Chip designer Loongson Technology also said on Thursday that the latest tariffs 'have no negative impact on the company', and emphasised its commitment to independent research and development of chips, software systems and self-controllable supply chains, along with zero US-based revenue. 05:39 Trump pauses US tariffs on most nations for 90 days but raises levies on China to 125% Trump pauses US tariffs on most nations for 90 days but raises levies on China to 125% Shenzhen-based IoT chip developer Leaguer Microelectronics issued a statement noting that the bulk of its materials are sourced domestically, and its revenue is exclusively generated within China.
