China’s Leapmotor Says It Can Weather an Expansion of Chip Curbs
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Electric vehicle maker Zhejiang Leapmotor Technology Co., which uses chips from Qualcomm Inc. and Nvidia Corp., said it would be able to ride out any escalation in US curbs on the flow of advanced chips to China.
While most semiconductors that are used in the auto sector don’t currently face US export restrictions, China’s growing technological prowess has sparked concern in Washington and the White House has sought to limit the flow of chips to its geopolitical rival. President Donald Trump’s administration is now sketching out tougher versions of semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, Bloomberg News has reported.