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A US pull-out will leave China the most powerful player in developing and setting standards for the leading open-source chip technology, disadvantaging American companies and giving Chinese firms a critical boost.
The high-power weapon system can fire from a moving truck and uses just one-fifth of the energy of current methods.
At meeting of Communist Party’s top policymaking body, Xi says China must ‘fight the battle in core technologies’, increase supply chain resilience in face of containment by US.
Loongson and Cambricon estimate deep losses for 2023 as analysts say strict US sanctions and limited product catalogues at Chinese firms are hindering domestic chip development.
Beijing is pushing a ‘whole-of-the-nation’ approach to focus resources on tech breakthroughs in key areas amid rising pressure from the US.