The founder of Semiconductor Manufacturing International Corp (SMIC) said on Tuesday he was “optimistic” China could catch up with the United States in the next generation of chips, but that US efforts to contain the country’s technology sector could not be taken “lightly”.Richard Chang Rugin, also the former chief executive of SMIC, told a live-streamed forum that persistent research and development as well as investment in new raw materials would enable China to compete, according to an…
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