花旗：中国半导体：中国报复性关税使本土模拟芯片成为防御性避风港

V i e w p o i n t | 07 Apr 2025 18:56:35 ET │ 22 pages Greater China Semiconductors China Retaliatory Tariff Makes Domestic Analog a Defensive Haven China's retaliatory tariff provides cost advantage to its mature semis — On April 4, China announced a 34% retaliatory tariff on all US imports (Bloomberg). While still relying on US advanced chips (GPU/CPU/MCU), China's tariff allows domestic mature semis a cost advantage over the US competition. We view analog (SG Micro), CIS (Will Semi), and RFFE (Maxscend) ...