China mulls $70 billion domestic chip fabrication injection, would be largest of any government semiconductor investment — Huawei and Cambricon among candidates in push to compete with Nvidia, other U.S. firms
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Verdict: China is contemplating a massive $70 billion investment to bolster its domestic chip fabrication industry and challenge US dominance.
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⚡ Quick Hits
* China plans a $70 billion investment in domestic chip manufacturing.
* The investment aims to reduce reliance on foreign chip suppliers.
* Huawei and Cambricon