Core technologies are China’s Achilles’ heel, despite having the world’s strongest industrial manufacturing capability, and they are proving easy prey for Washington in its strategy of tech containment.
President Xi Jinping says China should strive to become a global leader in scientific and technological fields to prevent its development goals being harmed by foreign countries.
A Chinese nuclear research lab gained access to U.S.-made semiconductors even though such institutions have been banned from making similar procurements.
Lu Jun, former head of Sino IC Capital which managed China’s ‘Big Fund’ for chips, was expelled from the Communist Party for taking bribes, embezzling funds and abusing state power, according to a statement.