GUANGZHOU -- Chinese chipmaking suppliers and state-backed funds plan to spend an estimated 50 billion yuan ($7.26 billion) to strengthen the domestic supply chain as the U.S. curbs tech exports.
"We cannot avoid decoupling in semiconductors," Chiu Tzu-Yin, president of state-backed wafer giant National Silicon Industry Group (NSIG), said at a chip supply chain conference hosted in Guangzhou for two days through Wednesday. "This will be the greatest opportunity for Chinese enterprises that make production machinery and materials."
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