US ‘blockade’ set to turbocharge Chinese chip development

Fresh restrictions this week on exports of US chip technology to Chinese companies have provoked an angry reaction from Beijing, but beyond the rhetoric, China is expected to unleash a new wave of funding to boost domestic production of semiconductors.

Washington has been steadily tightening the noose on China’s tech sector, limiting access to cutting-edge chip components and machinery. Its latest move is to introduce tough licensing…