Bloomberg: China pours billions into Huawei to make it a chip mogul

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Bloomberg: China pours billions into Huawei to make it a chip mogul

December 01, 2023, 08:23 AM

Huawei is developing a self-sufficient chip network with the active help of the Chinese state, Bloomberg News reports. According to the publication's research, a city government investment fund in Shenzhen has been founded for the sole purpose of putting Huawei as the centerpoint of a big network with optical specialists, chip equipment developers and chemical manufacturers.

Huawei HQ

The decision to make Huawei the leading force came with a direct order from the top of government, said two sources. The state even asked the manufacturer to launch Mate 60 earlier than previously...

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