China's reliance on foreign firms in the semiconductor supply chain could make domestic giants vulnerable to geopolitical issues as was the case with Huawei.
partner, Bain & Company
"This is a step in becoming more self-sufficient in semiconductors but a small one," Peter Hanbury, a partner at Bain & Company, told CNBC by email. "Specifically, these are examples of locally designed chips but a lot of the IP [intellectual property], manufacturing, equipment and materials are still sourced internationally."
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