Brazil’s Lula to seek Chinese semiconductor tech, investment in Beijing

BRASILIA - Brazil will seek Chinese technology and investment to develop a semiconductor industry in the South American country despite US attempts to discourage association with China in this area, a senior presidential adviser told Reuters.His top foreign policy adviser, former foreign minister Celso Amorim, said Brazil cannot afford to take sides inMr Lula’s trip will seek Chinese cooperation in fostering Brazil’s sustainable development and digital economy.

The US government has suggested that associations with the production of Chinese microelectronics would not be welcome, which could affect Brazilian plans to produce semiconductors amid a global shortage. “We have no preference for a Chinese semiconductor factory. But if they offer good conditions, I don’t see why we refuse. We are not afraid of the big bad wolf,” he commented, when asked aboutMr Lula’s trip to China comes less than two months after he met US President Joe Biden at the White House, as Brasilia aims for a pragmatic foreign policy, balancing ties with its top trading partners, despite growing tensions between the two.

Brazil is grateful for the US support for its democratic process, which was threatened by supporters of Mr Lula’s far-right predecessor, Jair Bolsonaro, Mr Amorim said.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TikTok chief admits Chinese parent company has access to dataTikTok’s chief executive has admitted that users' data can be accessed by its Chinese parent company as it battles a potential ban in the United States. Just like US and EU have access to all social media platforms data like Facebook, Instagram, Twitter, YouTube 😂😂😂 Facebook also have data. Same goes for Google. This is a political circles show to demonise China and hoping the dumb Americans to agree with the government to wage war against China just like the Iraq war. Such a horrible tweet crafted to mislead...
Source: YahooSG - 🏆 3. / 71 Read more »