Chinese telecommunications equipment manufacturer Huawei Technologies is making a bid to return to the 5G smartphone industry by the end of 2023, Reuters reports.
China has hit back at the US and its allies over their moves to restrict Beijing's chip-making ambitions, placing curbs on exports of gallium and germanium.
The Dutch company ASML, the biggest manufacturer of lithography equipment for making semiconductors, has extended a deal with Semiconductor Manufacturing International Corporation, China's biggest chip maker, according to a short statement issued on Wednesday.
China plans to invest up to US$1.4 trillion (A$1.9 trillion) to build up its semiconductor industry so that it can achieve self-sufficiency and not be subject to the kind of sanctions that the US has imposed on Huawei, a report claims.
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