US Plans To Scupper China's Chip Ambitions
November 7, 2016
The USA plans to de-rail China’s chip investment plans aimed at building a large domestic IC industry.
US Secretary of Commerce, Penny Pritzker says that China’s $150 billion IC investment plan could lead to overcapacity and the stifling of innovation,
“The US government will make clear to China’s leaders at every opportunity that we will not accept a $150 billion industrial policy designed to appropriate this industry,” said Pritzker,
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