A Chinese company that launched a $2.8 billion government-backed semiconductor project four years ago is going bankrupt after it failed to attract investors, even as China tries to become self-sufficient in computer chips.
Caixin
Chinese $2.8bn memory chip project goes bust
Nanjing-based Tacoma failure prompts hunt for investors to finish fab plant
The Nanjing city government invested nearly $55 million in Tacoma Semiconductor Technology, but the company failed to deliver on its promise. © Reuters
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