China's semiconductor industry faces a big risk

Jamie McKane

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China's semiconductor industry faces a big risk

China has made developing its own chip industry a matter of patriotic pride. It helps that “China chip” and “China heart” sound the same in the local language. The strain of this 1.7 trillion yuan ($243 billion) endeavor may be too much for the debt-clogged arteries of its municipal governments, though.

Over the past decade, Beijing hasn’t hesitated to deploy its fiscal might in pursuit of economic and social objectives.

[Bloomberg]
 
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