Apple, Nvidia, Alphabet, AMD, as well as Intel, Samsung, plus Cadence Design and Synopsys are among the firms and clients that said they will be strategic investors in the chip designer's listing

The 100-million-people country has only 5,000 to 6,000 trained hardware engineers for the chip sector, against expected demand of 20,000 in five years

The company said it will continue to ship the products in its NXT:2000i and more advanced DUV models, which fell under the restrictions that started on Friday

If true, the development of a homegrown 5G chip would mark a win for China's local semiconductor sector, which has seen stock market gains of roughly 8% so far this week

Then President Donald Trump, equipped with a golden shovel, broke ground for the ambitious ‘innovation centres’ project

Foxconn founder Terry Gou, who’s running in Taiwan's presidential election, said Beijing won’t be able to influence him despite his business links in China

Commerce Secretary has raised many important bilateral issues on her Chinese visit – from firms caught in the "chip war" to climate change and artificial intelligence

US Commerce Minister meets counterpart Wang Wentao in Beijing, notes that 99% of their $700bn in bilateral trade does not involve national security; vows to be 'direct, open, practical'

The US commerce secretary said she would tell Chinese officials, "when it comes to national security we don't negotiate. We don't give concessions. We don't compromise"

TSMC has previously blamed a "lack" of skilled workers for the slow pace of the fab's construction and also lobbied to bring more Taiwanese workers to help finish work the site

The landmark deal, signed when Beijing and Washington established diplomatic ties in 1979, needs to be renewed about every five years and is currently set to expire later this week

Asian markets surge, with Hang Seng climbing 2% and the Nikkei rising by 0.9%, while investors wait for Fed chief's speech at Jackson Hole on Friday