Taiwanese firms in China keen to cut capital amid rising US-China tensions
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Summary
In a significant development for the global ICT manufacturing industry, China is reportedly ramping up efforts to reduce its reliance on Taiwan and the United States for crucial semiconductor and electronic component supplies. According to reports, Chinese authorities are intensifying investments and research initiatives to boost domestic production capabilities. This move comes amidst concerns over geopolitical tensions and supply chain vulnerabilities. China aims to strengthen its self-sufficiency in semiconductor manufacturing and secure its position in the global tech supply chain. As these efforts unfold, they are likely to have far-reaching implications for the dynamics of the global technology industry.
Digitimes
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