Exclusive: China prepares $143 billion package for its chip companies in the face of US restrictions

HONG KONG, Dec 13 (Reuters) – China is working on a more than one trillion yuan ($143 billion) support package for its semiconductor industry, three sources said, in a major step towards self-sufficiency in chips and to counter US measures aimed at slowing down its technological advances. Beijing plans to roll out what will be …

Exclusive: China prepares $143 billion package for its chip companies in the face of US restrictions Read More »