Tech war: SMIC, Huawei projects among top government-supported endeavours in 2024

Semiconductor Manufacturing International Corp (SMIC) and Huawei Technologies, two key players in Beijing’s efforts to defeat US sanctions on advanced chips, are among the country’s top recipients of local government funding this year, according to published government documents. In Shanghai, 16 out of 191 major projects that have local government subsidies are related to the … Read more