China is considering a package of incentives worth as much as $70 billion to support its chipmaking industry.
Officials are deliberating proposals to earmark a package of subsidies and other financing support in the range of 200 billion yuan to 500 billion yuan. The program aims to reduce China's reliance on foreign chipmakers and support local companies such as Huawei Technologies Co. and Cambricon Technologies Corp.
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China is considering a package of incentives worth as much as $70 billion to support its chipmaking industry.
Officials are deliberating proposals to earmark a package of subsidies and other financing support in the range of 200 billion yuan to 500 billion yuan.
The program aims to reduce China's reliance on foreign chipmakers and support local companies such as Huawei Technologies Co. and Cambricon Technologies Corp.