China is stepping up efforts to design and manufacture semiconductors itself rather than buy from the US, amid fears that sanctions might cripple its high-tech industry.
US restrictions last year on exports to telecoms equipment maker ZTE, and this month to its bigger rival Huawei, have sharpened Beijing’s focus on semiconductor self-sufficiency. This will only become more urgent if Washington, as feared, places other leading Chinese technology groups including Hikvision, Dahua, Megvii, iFlytek and Meiya Pico on its blacklist.
China’s ministry of finance last week
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