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SHANGHAI--China plans to splurge to help its chip sector overcome U.S. export curbs, but money can only do so much unless Chinese firms can break from a cycle that hinders innovation and traps them at the low end of the value chain, industry players said.
China's largest chip maker SMIC is ramping up production of a decade-old chip technology, key to many industries' supply chains, setting off alarm bells in the United States and prompting some
EDU earnings call for the period ending September 30, 2022.
EDU earnings call for the period ending September 30, 2022.
![[ANALYSIS] What 3rd term for Xi Jinping means for S.Korea - Vimarsana News](https://koreatimes-bucket.s3.ap-northeast-2.amazonaws.com/IMAGE/upload/newsV2/images/202210/490af43ca55b45289ccd078880bedc5e.jpg)
Chinese President Xi Jinping and the Chinese Communist Party have tightened their grip on power further by approving Xi's third term in office. Xi has already been in power for a decade, a period characterized by growing authoritarianism in the world's second-largest economy.