Shenzhen seeks to support local chip industry. Photo:  Reuters
Shenzhen seeks to support local chip industry. Photo: Reuters

Shenzhen plans to shower cash on local chip industry to bolster development after intensified US trade restrictions

  • Chinese city will provide support for design of high-end, general purpose and special purpose chips, and manufacture of silicon-based ICs
  • Move comes as China seeks to accelerate development of the local chip industry amid intensifying US trade sanctions

Shenzhen seeks to support local chip industry. Photo:  Reuters
Shenzhen seeks to support local chip industry. Photo: Reuters
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