TECH - Xi Jinping Urges China To Ramp Up Tech Innovation Amid Ongoing Chip Dispute With US | Benzinga
Chinese President Xi Jinping has called on his nation to boost its innovation capabilities, in light of the continuing semiconductor conflict with the U.S.
What Happened: Xi, addressing a national science conference on Monday, praised China’s scientific advancements but underscored the country’s “relatively weak” original innovation ability, Bloomberg reported. He pointed out that “some key, core technologies are controlled by others,” indicating a lack of top scientific and technological talents.
Xi pinpointed “bottlenecks and constraints” in sectors like integrated circuits, industrial machine tools, basic software, and advanced materials.
The U.S. Treasury Department proposed new rules last week to curb outbound investment in tech crucial to U.S. national security, escalating the tech battle between Washington and Beijing that started with ...