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China Revs Up Grand Chip Ambitions to Counter U.S. Blacklistings

  • Beijing wants to replicate success in military tech in chips
  • Ambitious chip blueprint now lies at heart of country’s future
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WATCH: President Xi Jinping is planning a tech revolution to end China's dependence on the West.(Source: Quicktake)
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In just two decades, China sent people into space, built its own aircraft carrier and developed a stealth fighter jet. Now the world’s youngest superpower is setting out to prove its capabilities once more -- this time in semiconductors.