Friday
July 19
2024

Huawei Just Built a $1.4 Billion Chip Center as It Faces U.S. Sanctions

By Britney Nguyen

One of China’s main competitors in the chip war has built a research and development center for chips in Shanghai as it faces pressure from U.S. sanctions aimed at curbing its advanced technology efforts.

The Huawei LianqiuLakeR&D Center is expected to start operations this year with a total investment cost of over 10 billion yuan, or $1.4 billion, according to a release from the Qingpu district government.

Photo courtesy of Web Summit.

Source: Quartz (link opens in a new window)

Categories
Technology
Tags
employment, research