Chinese cloud firms have previously told Nvidia they don’t want its slower AI chips and that they would prefer using homegrown chips from companies such as Huawei

Local governments in Shanghai and Anhui will fund a variety of semiconductor-related projects this year — ranging from the development of DRAM chips to building facilities for chipmaking and its tools

US-listed shares of the chip designer, seen as benefitting from investors' hunt for the "next Nvidia", have surged more than 95% in just the last seven trading sessions alone

"If you just assume that computers never get any faster, you might come to the conclusion we need 14 different planets and three different galaxies and you know four more Suns to fuel all this."

The largest supplier of equipment to computer chip makers said new competitors with 'substantial financial resources' and 'the ambition of self-sufficiency' were a business risk

Shares in the company have dropped 18% over the last month as chipmakers continue to struggle to gain traction after last year’s slump

The machines are aimed at disrupting the most expensive step in the chipmaking process, by “stamping” chip designs on to silicon wafers instead of etching them using ultraviolet light

TSMC's shares closed 6.5% higher on Friday in Taipei, cementing its position as Asia's most valuable listed company

The chipmaking giant and Apple supplier still beat market predictions with its $20.1bn figure for the final three months of last year

The Chinese tech giant plans to focus on its device business over the coming year, while increasing the efficiency of its overall operations to counter geopolitical uncertainty

The surge suggests Chinese chip firms are racing to acquire lithography systems before Dutch export curbs tighten from next year

The spike this year highlights the growing struggles in the chip design, semiconductor manufacturing and wafer fab equipment sectors