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Tech war: China pumps up state subsidies for chip industry to counter US sanctions

Retrieved on: 2024-08-16 09:31:48

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Summary

The article discusses increased government subsidies for China's semiconductor industry as part of Beijing's effort to boost technological self-sufficiency amidst US export controls. Huawei received significant funding, seeking alternatives to Nvidia's restricted processors. Key concepts include Nvidia and US-China tech tensions.

Article found on: finance.yahoo.com

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