Latest news with #self-sufficiency
South China Morning Post
a day ago
- Business
- South China Morning Post
Tech war: China's top three EDA firms under spotlight after US ban on chip design tools
Advertisement The restrictions, however, are expected to help strengthen China's semiconductor self-sufficiency efforts, according to the latest research note by ICBC Credit Suisse Asset Management. Following news of the US tech ban, the Shenzhen -listed shares of Empyrean, Primarius and Semitronix initially recorded strong trading, as investors hoped these firms could become major alternative EDA suppliers in China. Primarius surged over 22 per cent since Wednesday last week, while Semitronix and Empyrean rose over 17 per cent and 8 per cent over the same period, respectively. On Wednesday, Primarius fell 9.41 per cent to close at 28.80 yuan (US$4). Semitronix slipped 4.19 per cent to 55.85 yuan, while Empyrean was down 4.01 per cent to 125.09 yuan. Advertisement Still, investor interest in the three Chinese companies reflects room for growth, as they tap fresh opportunities in the domestic market.
South China Morning Post
28-05-2025
- Business
- South China Morning Post
China releases plan aimed at upgrading IT manufacturers, boosting self-sufficiency
China has unveiled a detailed plan to upgrade its information technology (IT) manufacturers as it doubles down on achieving self-sufficiency in technologies including semiconductors, batteries, satellite navigation and artificial intelligence (AI), and sidestepping US tech curbs. Advertisement The 18-point action plan calls for the deepening of AI integration and the fostering of a new class of industry service providers by 2027. It aims to see more than 85 per cent of manufacturers using computer numerical control – in which computer programs automate machining – in key processes in the next two years, and to cultivate at least 100 specialised service providers for the sector. By 2030, China aims to have completed a core industrial database that will allow its IT manufacturers to achieve 'new breakthroughs' and scale the 'high end of the global value chain'. The blueprint was released on Tuesday by the Ministry of Industry and Information Technology, the National Development and Reform Commission and the National Data Administration, amid the closing phase of the 'Made in China 2025' initiative. Advertisement IT manufacturing forms the backbone of China's industrial system, spanning upstream materials like monocrystalline and polycrystalline silicon, midstream component manufacturing, and downstream applications in electronics and automotive systems.
Asharq Al-Awsat
26-05-2025
- Business
- Asharq Al-Awsat
Egypt Aims to Boost Local Wheat Procurement to Cut Imports, Says Minister
Egypt could significantly reduce its wheat imports this year as domestic procurement is expected to reach up to 5 million metric tons, compared to 3.5 million tonnes last year, Supply Minister Sherif Farouk told reporters on Monday. "Increasing wheat procurement is a welcome development. We could exceed 4 million tons, even reach 5," Farouk said. The figure is consistent with previously announced target of buying between 4 and 5 million tons from local farmers this season, compared to 3.4 million in 2024. While calling the rise in procurement promising, Farouk said it was "still not satisfying for us", and predicted further improvements in the coming years. Egypt, one of the world's largest wheat importers, consumes 9.5 million tons annually through the supply ministry to support subsidised bread. Wheat forms the backbone of the subsidised bread program, a lifeline for over 69 million citizens. Official data seen by Reuters shows Egypt bought around 3.5 million tons of wheat as of Monday since the beginning of the local harvest in mid April, which is set to continue through mid August, against 3 million tons in the same period last year. Greater self-sufficiency, he added, also allows Egypt to time international purchases strategically. "We're not forced to buy during peak periods in exporting countries. We can choose the right time and price." Farouk also noted ongoing negotiations with Bulgaria, Egypt's fourth-largest wheat supplier, to expand cooperation, whether through direct deals with the military-linked state agriculture commodities importer, Mostakbal Misr, or through a barter system, although negotiations are still ongoing. On wheat reserve levels, he dismissed concerns, saying: "Any increase or decrease in reserves is part of our strategy to secure the best prices it's about storage capacity and economic logic." He also said that Egypt's strategic reserves of wheat are sufficient for 6 months, while reserves of vegetable oils are sufficient for 4 months, and sugar for 12 months.
Zawya
26-05-2025
- Business
- Zawya
Egypt aims to boost local wheat procurement to cut imports, says minister
Egypt could significantly reduce its wheat imports this year as domestic procurement is expected to reach up to 5 million metric tons, compared to 3.5 million tonnes last year, Supply Minister Sherif Farouk told reporters on Monday. "Increasing wheat procurement is a welcome development. We could exceed 4 million tons, even reach 5," Farouk said. The figure is consistent with previously announced target of buying between 4 and 5 million tons from local farmers this season, compared to 3.4 million in 2024. While calling the rise in procurement promising, Farouk said it was "still not satisfying for us", and predicted further improvements in the coming years. Egypt, one of the world's largest wheat importers, consumes 9.5 million tons annually through the supply ministry to support subsidised bread. Wheat forms the backbone of the subsidised bread programme, a lifeline for over 69 million citizens. Official data seen by Reuters shows Egypt bought around 3.5 million tons of wheat as of Monday since the beginning of the local harvest in mid April, which is set to continue through mid August, against 3 million tons in the same period last year. Greater self-sufficiency, he added, also allows Egypt to time international purchases strategically. "We're not forced to buy during peak periods in exporting countries. We can choose the right time and price." Farouk also noted ongoing negotiations with Bulgaria, Egypt's fourth-largest wheat supplier, to expand cooperation, whether through direct deals with the military-linked state agriculture commodities importer, Mostakbal Misr, or through a barter system, although negotiations are still ongoing. On wheat reserve levels, he dismissed concerns, saying: "Any increase or decrease in reserves is part of our strategy to secure the best prices it's about storage capacity and economic logic." He also said that Egypt's strategic reserves of wheat are sufficient for 6 months, while reserves of vegetable oils are sufficient for 4 months, and sugar for 12 months. (Reporting by Nayera Abdallah and Mohamed Ezz; Writing by Tala Ramadan; Editing by Kirsten Donovan and David Evans)
Yahoo
11-05-2025
- Business
- Yahoo
How far is China from becoming self-sufficient in AI?
-- China is making steady progress toward self-sufficiency in artificial intelligence, but full independence, especially in critical enabling technologies like AI compute, remains a long-term goal, according to UBS. 'China has varied levels of self-sufficiency in AI,' UBS analysts wrote, citing strong domestic capabilities in the application and intelligence layers, driven by dominant local internet platforms and low-cost model developers like DeepSeek. However, they added that the enabling layer, which includes semiconductors and compute infrastructure, still presents hurdles. UBS estimates China's overall semiconductor self-sufficiency will reach 27% by the end of 2025, up from the 'mid-teens' during the pandemic, as the country builds capabilities across segments such as DRAM, analog chips, and semi-cap equipment. The bank notes that progress has continued despite export restrictions. The most challenging component is said to be AI compute, where global leader NVIDIA (NASDAQ:NVDA) holds over 80% market share. UBS wrote, 'NVIDIA's GB200 chip can generate around 40 images whereas Huawei's 910C chip can generate only 13 images,' illustrating the performance gap. Still, Chinese companies held a one-third share of their domestic AI compute market in 2024, and UBS expects this to climb to 90% by 2029. This localization drive will come at a cost, according to UBS. 'Strong revenue growth will be generated at the expense of compromising performance,' UBS said, warning of weaker pricing power and higher costs for Chinese players. Nonetheless, domestic AI compute revenues are forecast to surge from $6 billion in 2024 to $81 billion by 2029, says the bank. UBS recommends exposure to both global leaders like NVIDIA and Chinese firms such as Alibaba (NYSE:BABA) and Tencent, as 'the AI compute market is big enough for all the players to grow.' Related articles How far is China from becoming self-sufficient in AI? Street Calls of the Week Warren Buffett's 1965 investors: From $100 to $5.5 million Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
