Chinese listed companies affected by Intel chip flaws

Updated 2018-01-16 10:40:02 Xinhua

File Photo: An Intel logo is seen at the CeBIT trade fair in Hannover, Germany, March 14, 2016.

More than 30 chip concept companies listed on the Chinese stock market were affected Monday by critical Intel chip flaws.

Intel's Spectre and Meltdown vulnerabilities disclosed earlier in January by Google's Project Zero, a team that focused on discovering security issues, have affected almost the whole industry globally.

China's leading companies such as Unigroup Guoxin went limit down during the day, and the growth enterprise index decreased nearly 3 percent.

Before the crisis, chip industry was believed to be one of the most promising sectors on the Chinese stock market, but the Intel flaws have left many investors re-estimating their perspective.

Pan Jiang, a Shanghai mutual fund manager, told Xinhua that the effect on the Chinese industry remains to be seen and his team will be cautious until they have a clear picture.

However, Pan said it would not affect government support for the industry.

Pan added that the new generation of information technology is one of the ten most supported industries in the "Made in China 2025" plan. In 2016, the total output value of the integrated circuit industry in China exceeded 100 billion yuan (about 15.6 billion U.S. dollars). By 2025, China's chip self-sufficiency rate is expected to reach 50 percent, according to the plan.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 19 2018 23:59:42

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16December 19 2018 23:59:42

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 19 2018 23:59:42

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords