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China’s largest chipmaker SMIC optimistic of ‘catching up’ with US
- Thursday | 6th August, 2020
SHANGHAI (Reuters) – The founder of China’s largest chipmaker SMIC said on Tuesday he was “optimistic” China could catch up with the United States in the next generation of semiconductors but that US efforts to contain its technology sector could not be taken “lightly”. The comments come as Washington and Beijing continue to spar over Huawei Technologies Co Ltd, which has brought new urgency to China’s calls to improve its domestic chip industry. “I am optimistic and believe we can catch up,” Chang said in a rare appearance at the forum, organized by China Securities. Chang founded SMIC with funding from China’s government in 2000 as a domestic Chinese rival to Taiwan Semiconductor Manufacturing Corporation. (Reporting by Josh Horwitz and the Shanghai newsroom; editing by Ana Nicolaci da Costa)
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