China Urges BYD, EV Makers to Buy Chinese Chips as Tensions With US Escalate
The Chinese government has quietly asked electric-vehicle makers from BYD Co. to Geely Automobile Holdings Ltd. to sharply increase their purchases from local auto chipmakers, part of a campaign to reduce reliance on Western imports and boost China’s domestic semiconductor industry.The Ministry of Industry and Information Technology asked carmakers this year to expand their buying of homegrown components to accelerate the adoption of Chinese chips, according to people familiar with the matter. T...
Read more at bloomberg.com