A 620% profit surge for Chinese chip giants CXMT and SMIC proves Beijing’s massive state-backed push for semiconductor self-sufficiency is yielding serious financial scale, not just political headlines. This boom is trickling down to domestic toolmakers like Naura, building the long-term capital reserves China needs to fund advanced R&D and bypass US restrictions.#AsiaAI #AI #Tech #EastAsiahttps://asiaai.fyi/cxmt-smic-profits-china-chip-market/
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