Xinyuanwei and SMIC respond to rumors of trillions in subsidies for semiconductors
According to 21 Economic Net, it is rumored that China’s latest plan to invest a total of US$143 billion (equivalent to RMB 1,004.6 billion) to support domestic chip companies is mainly used to encourage Chinese companies to purchase local semiconductor equipment and provide 20% procurement cost subsidies. The plan will last for five years and […]
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