China gives chipmakers easier subsidy access to help guide industry recovery - FT

📆 3/21/2023 2:10 AM
📰 Reuters

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

China is facilitating easier access to subsidies and more control over state-backed research for a handful of its chip companies, the Financial Times reported on Tuesday.

had

reported in December that China is working on a more than 1 trillion yuan support package for its semiconductor industry, amid tightening U.S. restrictions aimed at slowing its technological advances. The chosen firms will have access to additional government funding without having to achieve previously necessary performance goals, the report said, adding that they will also be allowed to play a bigger role in state-sponsored research projects.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

So benevolent! 😂

United States United States Latest News, United States United States Headlines

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

Taiwan’s Crypto Industry Welcomes Regulatory AnnouncementTaiwan's crypto industry is welcoming an announcement that the island's Financial Supervisory Commission is set to regulate digital assets. thesamreynolds reports thesamreynolds Too little, too late. You should not refer to Taiwan as anything but the PRC. One country, my system. thesamreynolds Late to the game thesamreynolds lfg coindesk know who the real enemy is ✊
Source: CoinDesk - 🏆 291. / 63 Read more »