TAIPEI -- When Chinese President Xi Jinping in April talked about how his country can foster new tech, he encouraged Chinese companies to forge partnerships and work together to build a domestic chip industry.
Three months later, senior executives from 27 leading Chinese tech companies and research institutions -- including Huawei, Lenovo Group, ZTE and Tsinghua Unigroup -- formed the "high-end chip alliance." Its goal is in line with Xi's vision: to make inroads into a domestic market worth over $100 billion annually and eventually tap into the $300 billion-strong global market.
