China is preparing a US$143bn support package for its semiconductor industry (re US bans) | Forexlive

Reuters reporting citing 3 unnamed sources:

• China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry
• a major step towards self sufficiency in chips and to counter U.S. moves aimed at slowing its technological advances
• plans to roll out over five years, mainly as subsidies and tax credits to bolster semiconductor production and research activities at home, said the sources.

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