Morningstar

How a homegrown Chinese chip maker became the -2-

Provided by Dow Jones Jul 18, 2026, 12:00:00 PM

"Let's see what they can do," Coughlin said. Manufacturing HBM at scale requires expertise that must be built up over multiple iterations of trial and error. "You might be able to make some, but can you make it on a consistent basis with good yields? That's when the experience comes in," he said.

Now read: Can China just steal America's AI brain that's costing trillions to develop?

-Christine Ji

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