The Chipmaker Caught in U.S. Assault on China's Tech Ambitions
- Jinhua’s and China’s plans got derailed by a U.S. ban
- The case underscores the conflict between the two nations
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For a sense of the damage Donald Trump can inflict on China with export controls, take a trip to the city of Jinjiang on the country’s southeastern coast.
That’s where Fujian Jinhua Integrated Circuit Co. built a $6 billion plant to produce semiconductors as part of China’s goal of making the country a self-sufficient technology powerhouse. But after the U.S. President barred exports to the company, its dream is now in tatters with consultants from American suppliers gone, the factories silent and workers rattled.