China's Chip Ambitions and U.S. Export Restrictions

Chinese chipmaker Loongson Technology is developing a graphics card, the 9A1000, expected to offer RX 550-level performance, with a projected release in 2025. The U.S. blockade on China's access to advanced semiconductors has motivated China to pursue technological self-sufficiency, as evidenced by Loongson's efforts. Meanwhile, U.S. restrictions on Nvidia's exports to China have impacted its business, leading to rushed shipments of RTX 4090s and a $5 billion reallocation of GPUs.