You are here: Home » International » News » Companies
Business Standard

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

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