Core Viewpoint - The report from Citi highlights that China's Ministry of Commerce has announced further export controls on a total of 12 rare earth elements and related upstream and downstream products, which is expected to negatively impact overseas semiconductor companies while benefiting domestic Chinese semiconductor firms [1] Group 1: Impact of Export Controls - The export controls on rare earth elements are critical as they are key materials in the semiconductor manufacturing supply chain [1] - The measures are likely to hinder foreign semiconductor companies while promoting localization efforts within China [1] Group 2: Beneficiaries of the Situation - Companies that may benefit from the ongoing US-China competition include SMIC, Hua Hong Semiconductor, JCET, Northern Huachuang, Zhongwei Company, and Zhaoyi Innovation, along with various analog chip manufacturers and EDA companies [1] - The necessity for domestic alternatives is expected to increase, particularly benefiting Chinese EDA firms [1]
大行评级丨里昂：稀土管制为海外半导体公司带来限制 中资企业或受惠
Ge Long Hui·2025-10-14 02:34