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China is preparing a US$143bn support package for its semiconductor industry (re US bans)
Reuters reporting citing 3 unnamed sources:
- China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry
- a major step towards self sufficiency in chips and to counter U.S. moves aimed at slowing its technological advances
- plans to roll out over five years, mainly as subsidies and tax credits to bolster semiconductor production and research activities at home, said the sources.
Posted: Dec 13 2022, 23:22
Author Name: forexlive
Views: 102510