China invests US$5.4 billion in two-year-old memory chip maker as self-sufficiency drive picks up

Source: Tech – South China Morning PostSemiconductor start-up Changxin Xinqiao Memory Technologies has raised 39 billion yuan (US$5.4 billion) from government-backed investors, a sign Beijing is doubling down on its efforts to achieve technological self-sufficiency and counter US sanctions.Read More

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