The country’s semiconductor industry will start to overcome US technology restrictions in the next three to five years, with the sector expected to see “explosive growth.” That’s according to Chen Nanxiang, the chairman of the China Semiconductor Industry Association (CSIA) and CEO of Yangtze Memory Technologies Corporation (YMTC) – the country’s top memory chip manufacturer.
He made his remarks in an interview with CGTN – the English-language arm of state broadcaster China Central Television (CCTV).
“The chip industry in China has not yet reached explosive growth, but that day will come over the next three to five years,” he said, noting that US technology restrictions had merely served to spur the growth of China’s domestic semiconductor industry.
[See more: China’s supercomputer sector surges in defiance of US tech restrictions]
Chen’s predictions come amid news that Nvidia is preparing a version of its flagship Blackwell AI chip for the China market that will be compliant with U.S. export restrictions, Reuters reports.
The new chips are said to be 30 times speedier than their predecessors at some tasks.
Washington has imposed punitive restrictions on exports of technology to China in recent years, as it seeks to contain the rise of the world’s second biggest economy and Beijing’s growing geopolitical clout.
