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China to Plan Sweeping Support for Chip Sector to Counter Trump

  • New five-year plan will include backing for next-gen chips
  • Beijing has already pledged $1.4 trillion of tech investments
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China Said Planning Chip Sector Support to Fight Trump
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China is planning a sweeping set of new government policies to develop its domestic semiconductor industry and counter Trump administration restrictions, conferring the same kind of priority on the effort it accorded to building its atomic capability, according to people with knowledge of the matter.

Beijing is preparing broad support for so-called third-generation semiconductors for the five years through 2025, said the people, asking not to be identified discussing government deliberations. A suite of measures to bolster research, education and financing for the industry has been added to a draft of the country’s 14th five-year plan, which will be presented to the country’s top leaders in October, the people said.