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00:02China's AI chip exports surged 100% year-over-year to a record $31 billion in April,
00:09tripling over two years according to the Kobisi letter.
00:12Overall, Chinese exports rose 14% year-over-year to $359 billion,
00:18the highest monthly reading on record,
00:20with companies generating roughly $500 million in export revenue per hour.
00:25Goldman Sachs and Nomura estimated that semiconductors,
00:30computers, and other AI-related products accounted for half of China's export growth.
00:35Leading chipmakers, including SMIC, Huahong Semiconductor, and Huawei-linked firms,
00:41are expanding advanced semiconductor production.
00:44Paul Triolo of Albright Stonebridge Group said U.S. restrictions have added rocket fuel to demand,
00:50pushing China toward local alternatives from companies like Huawei and more threads.
00:54For all things money, visit Benzinga.com.
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