Japan has already handed over subsidies worth about $2.18 billion to the chip firm, which is backed by NEC, SoftBank, Sony and Toyota, among others

The 166 pages of rules note that restrictions on chip shipments to China also apply to laptops. They will take effect on Thursday

Huawei remained relatively muted about its achievement, doing away with the press conference and launch event it has held every year at least since the US restrictions began

The Joe Biden Administration is taking pains to strengthen its existing chips restrictions on China by making it easier for US firms to comply with restrictions

The Chinese president also warned his Dutch counterpart against restricting chip ties with Beijing, amid increasing pressure from the United States

China leads the world in the number of patents filed for quantum computing technology but still lags behind the United States in terms of capability

Sources say the meeting was deliberately scheduled separately from the China Development Forum held this week, where an event between Premier Li Qiang and visiting foreign CEOs was axed

The team presented the groundbreaking chips at the biggest integrated circuit industry event of the year

US chipmakers Intel and AMD, plus software giant Microsoft are likely to be hit hard as China ramps up its push to replace foreign tech with locally made products, analysts say

Korean chipmaker plans to build a cluster of four fabrication plants in Gyeonggi near Seoul, with work to begin next year on the $90-billion project, which could be the "largest fab complex in the world"

Vice Commerce Minister Guo Tingting said "China will fully guarantee national treatment for foreign companies", but did not explain how it would do that

The guidance from Beijing also asks authorities and agencies to shun Microsoft’s Windows operating system and foreign-made software in favour of domestic options