Russia is turning to microchip manufacturers in China to circumvent western sanctions which have boosted demand for bank cards linked to Mir payment system, a payment card executive said.

Semiconductor Manufacturing International Corporation said its capital expenditure in 2022 will be about US$5 billion

The US and China may soon be locked in a recruitment battle for Taiwanese semiconductor talent as the world's most powerful nations bid to ramp up their computer chip capacity

Sweeping restrictions imposed on Russia to block its access to goods from chips to computers and electronics are likely to rev up China's push for self-reliance in semiconductors, analysts say