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Chinese chip equipment makers grab market share as US tightens curbs

Summary by Ground News
Nearly half, or 47.25 per cent, of all machinery equipment tenders by Chinese foundries from January to August 2023 were won by local manufacturers. The Biden administration on Tuesday expanded measures aimed at China's chip industry that seek to stop Beijing from receiving cutting-edge U.S. technologies.

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Channel News Asia broke the news in Singapore on Wednesday, October 18, 2023.
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