Foreign PCs to be axed from Chinese government agencies
They will have two years to replace those with local hardware
Just another day in the global trade war…
As per a Bloomberg report, Chinese central government agencies as well as other state-owned organizations will have two years to replace foreign PCs and laptops with domestic hardware. This directive (conveniently) excludes microprocessors.
In recent years, the Chinese government has not been shy about its “Buy Chinese First” philosophy when it comes to tech sourcing. But this development is quite drastic.
Bloomberg estimates that 50 million computers could be affected. As you can expect, US-based Dell and HP are bound to lose significant market share. On the other hand, Chinese multinational company Lenovo will probably benefit the most.
Could the situation provoke more delistings of Chinese tech firms from U.S. stock exchanges? Maybe so…
This story was first published on The PhilaVerse (my Substack newsletter).