Applied Materials, Lam Research, and KLA each generated 31.3%, 31%, and 36% of their revenue from China in 2024, according to recent filings. As mature-node wafer fab capacity expands, China has overtaken the US as the largest market.

Integrated Micro-Electronics, Inc. (IMI), Ayala Corporation’s electronics arm, is poised to withstand potential US tariffs, leveraging its global footprint across Asia, Europe, and North America. Ayala chairman Jaime Augusto Zobel de Ayala emphasized IMI’s strategic resilience, supported by diversified supply chains and robust regional operations, ensuring stability amid trade uncertainties.

Japanese chipmaker Renesas Electronics has adopted a cautious stance on expanding its production of power semiconductors for electric vehicles (EVs). During its earnings briefing on April 24, company president Hidetoshi Shibata revealed that the planned mass production at the Kofu plant in Yamanashi Prefecture, initially expected to begin in 2025, will move forward without a set schedule due to significant uncertainty in market demand.

In April 2024, Jensen Huang participated in a critical gathering at a five-star hotel in Beijing, which would determine whether Nvidia could continue its operations in the Chinese market. Known as the “AI godfather,” the Silicon Valley legend now finds himself at a geopolitical crossroads. Looking back over the past 30 years, his story in China unfolds like a trilogy intertwining business, politics, ideals, and reality.