BEIJING -- China is clamping down on the misappropriation of funds inside the national chip industry as its rivalry with the U.S. in semiconductors heats up and an important Communist Party national congress is just a few months away.
Semiconductor executives investigated after massive investments fail to take off
China's chipmaking industry has a long way to go before attaining 70% self-sufficiency by 2025. © Reuters
BEIJING -- China is clamping down on the misappropriation of funds inside the national chip industry as its rivalry with the U.S. in semiconductors heats up and an important Communist Party national congress is just a few months away.