China's push for semicon self-reliance will propel tech growth, competition

Growth in the semiconductor industry growth would support China's tech progress.

KUALA LUMPUR: Moody’s Investors Service views China’s (A1 stable) potential jump in investment to achieve a 70% self-sufficiency ratio in semiconductors by 2025 could boost its tech growth.

Moody's said on Monday however, achieving semiconductor self-reliance for China likely will be long and challenging, and could have far-reaching credit impacts on the sovereign, domestic companies and international manufacturers.