EconomyChinese state funds step up backing for Hua Hong’s legacy-chip push

Chinese state funds are pouring billions of yuan into the parent of Hua Hong Grace Semiconductor and a new Wuxi manufacturing plant, backing Beijing’s drive for self-reliance in mature-node chips. The investment highlights government-coordinated support for domestic foundries as Washington tightens technology restrictions.

Hua Hongstate fundslegacy chipssemiconductors

SSouth China Morning Post★★☆☆☆2026-10-09 08:30Original