China Urges EV Makers to Buy Local Chips as US Clash Escalates - Bloomberg
China Urges EV Makers to Buy Local Chips as US Clash Escalates - Bloomberg
- The Chinese government has been quietly asking electric-vehicle makers to sharply increase their purchases from local auto chipmakers.
- The country’s tech overseer previously set an informal target for automakers to source a fifth their chips locally by 2025.
- The agency has reportedly grown dissatisfied with the pace of progress.
- The ministry is now directly instructing firms to avoid foreign semiconductors if at all possible.
- During a recent tender conducted by a major domestic brand, one foreign bidder failed to secure a contract despite offering a price they estimated was 30% lower than the winning bid..
- The Chinese directive on cars casts uncertainty over the business of companies from Nvidia and NXP Semiconductor NV to Renesas Electronics Corp. and Texas Instruments.