Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

China's Xi Picks Vice Premier Liu He to Lead Chipmaking Drive, Bloomberg Reports

06/17/2021 | 03:11am EDT

--Chinese President Xi Jinping has selected Vice Premier Liu He to spearhead an initiative to secure self-sufficiency in chipmaking as U.S. sanctions crimp local producers, Bloomberg reports, citing unnamed sources.

--Mr. Liu will lead China's development of so-called third-generation chips, a nascent type of semiconductors that use newer materials beyond traditional silicon which no company or nation yet dominates, Bloomberg says.

--Bloomberg reports that about $1 trillion in government funding has been set aside under the initiative.

Full story: bloom.bg/3vslYOU

Write to Singapore editors at singaporeeditors@dowjones.com

(END) Dow Jones Newswires

06-17-21 0310ET

Latest news "Economy & Forex"
03:31pMoney rolls in for Europe Inc as companies banish pandemic blues
RE
03:19pBLACKBERRY PREVENTS : Hancitor Malware
PU
03:19pTHREAT THURSDAY : Hancitor Malware
PU
03:18pWALL STREET STOCK EXCHANGE : S&P 500, Dow reach records as earnings lift outlook
RE
03:08pS&P 500, Dow reach records as earnings lift outlook
RE
02:56pDollar at lowest in a month after Fed knock; U.S. data disappoints
RE
02:53pRosy earnings lifts Wall Street to record peak, dollar wilts
RE
02:43pTREVOR MILTON : U.S. charges Nikola founder Trevor Milton with lying to investors
RE
02:39pEDA ECONOMIC DEVELOPMENT ADMINISTRATION : U.S. Department of Commerce Invests $4 Million in CARES Act Recovery Assistance to Support Development of a Medical Research and Manufacturing Facility in DeLand, Florida
PU
02:39pRubio Joins Cotton, Colleagues in Introducing Bill to Ban Anti-Semitic Country-of-Origin Labels
PU
Latest news "Economy & Forex"