BEIJING -- Chinese semiconductor manufacturers are stepping up R&D investment despite deteriorating earnings, as Beijing looks to establish a domestic chip supply chain with the help of a new 300 billion yuan ($40.9 billion) fund.
Semiconductors
China's SMIC, chip sector boost R&D spending despite weak earnings
Beijing plans $40bn fund to bolster domestic semiconductor supply chain
Shanghai-based SMIC increased R&D spending in the first half despite a 52% drop in net profit. (Photo by Shunsuke Tabeta)
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