The Covid-19 pandemic has triggered worries about the reliance of global supply chains on China, especially for drugs and medical equipment. But China is concerned about its own dependence on imported supplies in one strategically vital sector: microchips.
Developing its own semiconductor industry has long been high on Beijing’s wish list. It imported more than $300 billion worth of chips last year, with most going into gadgets that are then exported. The Huawei saga has made the country’s reliance on foreign chips particularly...
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