China is boosting its sanctions-hit chip sector amid trade restrictions from the US. According to the most recent stock market filings and financing data, China's sanctions-hit chips sector will be financially boosted by new public listings and mutual funds as Beijing intensifies the nation's chip independence amid US trade restrictions.
This was announced during a forum at the Semicon China executive summit in Shanghai. The high demand for chips in China can be a solution for the restrictions that the United States has just implemented, as per experts from the industry.