China backs independence with $47.5B ... - Mobile World Live
China upped the ante in its efforts to spur domestic semiconductor production, earmarking CNY344 billion in support for local chip companies.
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China upped the ante in its efforts to spur domestic semiconductor production, earmarking CNY344 billion in support for local chip companies.
Many big U.S. companies depend on China for a substantial part of their income and rely on Chinese suppliers and factories for their products.
Applied Materials remains under investigation for selling chip-making equipment to China's leading foundry SMIC.
The semiconductor equipment giant sees sunnier days ahead.
Several semiconductor stocks including Micron Technology Inc (NASDAQ:MU), Broadcom Inc (NASDAQ:AVGO) and Lam Research Corp (NASDAQ:LRCX) are trading higher Thursday in sympathy with NVIDIA Corp (NASDAQ:NVDA), which jumped after reporting earnings for the first quarter.