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China’s semiconductor investment frenzy has received a fresh boost after the country’s largest state-owned mobile carrier and a key supplier to Apple set up their own chip companies.
A wholly-owned subsidiary of China Mobile, the world‘s biggest mobile network operator, has established a company for chip design and manufacture in eastern Jiangsu province, with registered capital of 50 million yuan ($7.7 million), according to Chinese corporate information provider Tianyancha.
China Mobile deputy general manager for Internet of Things (IoT) Liu Chunyang pledged to “catch up” in chip design for . . .
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