SHANGHAI -- Former U.S. President Donald Trump's pending return to office has fueled a major rally among semiconductor stocks in China, with tougher American policies seen accelerating Beijing's push to bolster its domestic chip industry.
Foundry SMIC and others look to benefit as Beijing accelerates self-sufficiency drive
China has been working to bolster its domestic semiconductor industry amid its tech rivalry with the U.S. © Reuters
SHANGHAI -- Former U.S. President Donald Trump's pending return to office has fueled a major rally among semiconductor stocks in China, with tougher American policies seen accelerating Beijing's push to bolster its domestic chip industry.