China's Top Chipmakers Race To Scale Advanced AI Chips Despite US Curbs As Demand Surges: Report - Alibaba Gr Hldgs (NYSE:BABA), NVIDIA (NASDAQ:NVDA)

Core Viewpoint - China's leading chipmakers are accelerating production plans for advanced semiconductors to meet rising domestic AI demand despite U.S. export restrictions [1] Group 1: Industry Developments - Companies like Semiconductor Manufacturing International Co. (SMIC) and Hua Hong Semiconductor are expanding or planning to start production of advanced chips, including 7-nanometer and 5-nanometer technologies [2] - The national initiative aims to increase advanced chip production to 100,000 wafers within one to two years, up from under 20,000 currently, with a long-term goal of adding 500,000 additional wafers by 2030 [3] Group 2: Challenges and Risks - Uncertainty exists regarding the achievement of production targets due to U.S. export restrictions that limit access to advanced chipmaking equipment, with foreign machines still outperforming domestic alternatives [4] - Ongoing U.S.-China tensions, particularly regarding semiconductor exports, could impact the supply chain for AI and other technology sectors [5][6]