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China pumps up state subsidies for chip industry to counter US sanctions
Government subsidies granted to Huawei, SMIC, Naura Technology and other major chip players in China swelled in 2023, a Post analysis found.
Government subsidies received by leading players in China’s semiconductor industry – including foundries, chip design and packaging firms – jumped significantly last year, as Beijing doubled down on efforts to boost technological self-sufficiency amid growing tensions with Washington. Still, the numbers underscore the urgency of Beijing’s drive to boost the nation’s semiconductor industry, as the US tightened its export controls to restrict China’s access to advanced processors and chip-making technologies. In recent weeks, Huawei has been allowing potential clients to try out its Ascend 910C chips, successor to the 910B that is benchmarked against Nvidia’s H100, The Wall Street Journal reported on Tuesday, citing unnamed sources.
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