Meanwhile, a Bloomberg News report cited by GSM Arena suggests that the ban will likely extend to government-backed institutions and state-owned companies as China strives to become technologically independent.
China is one of the largest markets Apple and is home to numerous large-scale manufacturing centers. These new measures can be seen as resistance to the US ban on Huawei and ZTE and, more recently, TikTok.
The Chinese government’s ban sent Apple shares down 6.4% in two days. This news also caused Apple’s market valuation to drop by $200 billion during those two trading days.
This step is also believed to boost sales of Huawei’s new Mate 60 Pro mobile phone compared to iPhones in the local market. The ban coincides with a Chinese state media campaign to promote the launch of the Mate 60 Pro. The device uses a Kirin 9000s processor, a 7-nanometer chip made by local Semiconductor Manufacturing International Corp (SMIC).
Lyu Tingjie, a professor at the School of Economics and Management at Beijing University of Posts and Telecommunications, told China Central TV that the launch of the Kirin 9000 was a milestone in the development of China’s chip industry. “The technological gap between China and the West has narrowed to about three to five years,” he was quoted as saying by the Asia Times.
The news of the ban is surprising considering that Apple will launch its new iPhone 15 model on September 12, while Huawei will hold a marketing event for the Mate 60 Pro on the same day. The A17 chipset in the new iPhone is expected to be a 3nm processor, which is about two to three generations more advanced than the 7nm processor.
Additionally, on September 6, 2023, US Representative Mike Gallagher, Chairman of the House Select Committee on China, asked the US Department of Commerce to end all technology exports to Huawei and SMIC. The US Department of Commerce said the next day that it was working to get more information about the Mate 60 Pro’s alleged 7nm chip.
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