Tech war: China’s chip industry reports sharp drop in funding in 2024 amid US rivalry
China’s semiconductor sector saw a steep one-third decline in funding inflows this year amid US restrictions on advanced chips and overcapacity concerns in legacy chips, according to data from a local industry research firm. In the first 11 months of 2024, the country’s chip industry recorded 677 investment deals, a decline of 35.9 per cent … Read more