China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry, three sources said, in a major step towards self sufficiency in chips and to counter U.S. moves aimed at slowing its technological advances.
Achieving self-reliance in technology featured prominently in President Xi Jinping's full work report at the Communist Party Congress in October. The term 'technology' was referred to 40 times, up from 17 times in the report from the 2017 congress.
The world's second-largest economy has launched a trade dispute at the World Trade Organization against the United States over its chip export control measures, China's commerce ministry said on Monday.China has long lagged the rest of the world in the chip manufacturing equipment sector, which remains dominated by companies based in the United States, Japan, and the Netherlands.
NAURA's etching and thermal process equipment, for example, can only produce 28-nanometer and above chips, relatively mature technologies.
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