【Watch Human Capital Online】
Washington-based Semiconductor Industry Association (SIA) has issued a warning regarding Huawei’s establishment of semiconductor fabrication facilities across China,Watch Human Capital Online according to an August 23 report by Bloomberg. Huawei entered the chip production sector last year, and is believed to be receiving around $30 billion in state funding from the government and its home town of Shenzhen, according to Bloomberg, citing the SIA’s presentation to its members witnessed by Bloomberg. The association noted that Huawei has acquired at least two existing plants and is constructing at least three more, according to the report by Bloomberg. Both Huawei and the Semiconductor Industry Association have not responded to the news. [Bloomberg]
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