Rs. 45,000 Cr. loss due to Tik Tok Processor Ban...

On June 15, 20 Indian soldiers were killed in an attack by Chinese forces on the Ladakh border. This is followed by a tense enviroment at the border.both countries are concentrating forces on thier borders.


Meanwhile, the central governtent has banned 59 Chinese processors, including Tik Tok and Hello, as a thread to Indian sovereignty and security. While China has condemned India's move, Chinese state-run 'Global Times' has reported that the tik-tok ban will result in a loss of Rs 145,000 crore to its parent company.


Of those, the tik-tok processor has been downloaded twice as much in india than in the US. Investors and trader's Confidence in Chinese processors has been hit by the Indian Government  Ban.
According to Statistics provided by Sensor Tutor, which analyzes cell phone processors, the tik tok processor was downloaded 11.2 Billion times last May. The ban on Chinese processors will result in a loss of 45,000 Cr. revenue to Dick Taxi's parent company.