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China's chipmakers face hurdles with US indictment for industrial espionage

The US Justice Department on Thursday indicted Fujian Jinhua and Taiwan-based United Microelectronics Corp (UMC)

Reuters  |  Hong Kong /Beijing 

Chinese state-backed semiconductor maker Fujian Jinhua Integrated Circuit Co Ltd billed itself as a national leader in the tech industry. It planned to drive a shift towards locally made chips and end a heavy reliance on imports, especially from the United States. "The era of Chinese chips has arrived," it said in a recent promotional online pamphlet to attract chip industry talent. Underneath was a picture of a circuit board emblazoned with the Chinese flag. "China once relied on chip imports, but the tireless work of untold numbers of chip experts has meant that ...

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First Published: Mon, November 05 2018. 08:30 IST
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