China gives chipmakers easier subsidy access to help guide industry recovery

China gives chipmakers easier subsidy access to help guide industry recovery

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.Chipmakers such as Semiconductor Manufacturing International (SMIC), Hua Hong Semiconductor and Huawei, as well as equipment suppliers l

China gives chipmakers easier subsidy access to help guide industry recovery

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.

Sources: China is giving its most successful chipmakers, including SMIC, Huawei, and Hua Hong, easier subsidy access and more control over state-backed research

Qianer Liu / Financial Times: Sources: China is giving its most successful chipmakers, including SMIC, Huawei, and Hua Hong, easier subsidy access and more control over state-backed research  —  Under US pressure, Beijing is changing strategy and relying on a select group of companies to shape its domestic sector