U.S. Firms See Threat In Chinese Push To Bolster Semiconductor Industry

Ahead of Chinese President Xi Jinping's visit to Washington in September, the U.S. tech industry is raising alarms about the size and scale of support the Chinese government is using to bolster its burgeoning domestic semiconductor industry. According to U.S. industry sources, this support seems to be largely centered around Chinese companies, often state-owned or state-supported, acquiring or merging with foreign technology firms in an attempt to acquire their intellectual property rights. This activity was referenced in an Aug. 11...