Stimulus uncertainty, Conoco-Concho deal, China’s semiconductor push
FT News Briefing
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China's Semiconductor Dependency and Industry Challenges
This chapter explores China's significant reliance on semiconductor imports, totaling around $300 billion annually, and the challenges faced in building a competitive microchip industry. It highlights the impact of U.S. technology restrictions and the anticipated government efforts to achieve self-sufficiency in semiconductors, questioning the future of new industry entrants.
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