BEIJING (AP) – China announced tax breaks Monday to spur growth of its semiconductor industry following U.S. sanctions that alarmed the ruling Communist Party by cutting off access to American processor chips for tech giant Huawei and some other companies.
Source: washington times
Summary automatically generated by NewSUM A.I. from the following sources:
- China cuts taxes to spur semiconductor development (washington times)
- China cuts taxes to spur semiconductor development (abc news)