Market Chatter: Xpeng Expects Little Impact of Latest US Curbs on Advanced Chip Deliveries to China

MT Newswires11-21 18:03

Chinese electric vehicle maker Xpeng (HKG:9868) believes mass production of its Turing self-designed artificial intelligence chip is developing well and isn't overly concerned about the new U.S. curbs on advanced semiconductors for Chinese firms, Reuters reported Tuesday.

The U.S. Department of Commerce asked Taiwan Semiconductor Manufacturing to halt shipments of advanced chips to Chinese customers earlier in November for AI applications, Reuters reported.

Apart from Xpeng, there are several other Chinese manufacturers Nio (SGX:NIO, HKG:9866), BYD (HKG:1211, SHE:002594) and Xiaomi (HKG:1810) are also looking to develop their own chips in the race of autonomous vehicles.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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