China will ‘vigorously support’ semiconductor industry, IT ministry head says, as country seeks self-sufficiency in chip-making

Source: South China Morning PostThe Chinese government will “vigorously support” its semiconductor industry, the head of China’s Ministry of Industry and Information Technology (MIIT) said on Monday, as the country pushes for self-sufficiency in chip-making amid a global shortage of components.The semiconductor industry is “the cornerstone of the information society”, MIIT head Xiao Yaqing said at a press conference, and it will enjoy a “market-oriented and international business environment under the rule of law”.Xiao…Read More

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