As a result, Tsinghua Unigroup has shifted its focus to building plants in China, launching a $24 billion memory chip factory in Wuhan city last month. Cutting dependenceChina was the largest market for semiconductors in the world in 2015. But its excessive dependence on imported chips has raised concern in Beijing over the country’s national security. In 2014, Chinese authorities pledged 100 billion yuan ($14.6 billion, 13.6 billion euros) to support the industry, with the aim of building a globally competitive semiconductor sector by 2030. Last month, a presidential science panel warned that China was set to challenge American dominance in the industry.

Source: Daily News Egypt January 21, 2017 11:06 UTC