🚨 CHINESE STATE FUNDS BOOST HUA HONG CHIPMAKER Chinese state funds are ramping up support for China’s second-largest contract chipmaker. They are pouring billions of yuan into Hua Hong Grace Semiconductor’s parent and a new manufacturing facility. The support is aimed at Beijing’s drive for self-reliance in mature-node chips. The capital blitz spans the Shanghai-based parent and a fabrication plant in Wuxi. Source: South China Morning Post #China #HuaHong #legacychippush
