Red chips: China's Willsemi seals $2.2b semiconductor deals

Trade tension and the ZTE affair are holding back China's integrated circuit industry, already a decade behind the US. A major M&A deal could help change that.

Red chips: China's Willsemi seals $2.2b semiconductor deals

China's lofty ambitions for its microchip industry have taken a battering in recent months.

Beijing's dreams of becoming an international player in the sector were fuelled by expensive acquisitions abroad, but since US President Donald Trump took office, the powerful Committee on Foreign Investment in the United States has killed off oneĀ major proposed deal.

Worse was to follow as Chinese chipmaker ZTE found itself in the crosshairs of US...

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