TIANJIN, China (Reuters) - State-backed Chinese technology group Tsinghua Holdings plans to spend $7.5 billion on research and development over the next five years, accelerating China's drive to build a high-value semiconductor industry to challenge global chipmaking rivals.
from Reuters: Technology News http://ift.tt/29eE2Un
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China tech powerhouse Tsinghua bets $7.5 billion on R&D, urges faster reforms
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