Chip charge: Chinese phone, car, home appliance companies join semiconductor rush

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By Josh Horwitz
SHANGHAI (Reuters) - Smartphone maker Xiaomi has joined a rush of Chinese tech companies venturing into the semiconductor sector, announcing on Wednesday a new chip to help smartphone cameras process images.
Xiaomi's Surge C1 chip was developed after an earlier unsuccessful attempt at producing a smartphone processor and comes as Chinese internet giants, automakers, and even home appliance firms invest heavily in semiconductor research and development.
While all remain in the early stages, their drive dovetails with Chinese government policy to boost the domestic semiconductor sector as demand for chips soars.
The initiative has become ever-more critical, with a global chip shortage crimping supplies and U.S. sanctions hobbling Huawei Technologies Co Ltd, once China's top smartphone maker and for a time the only company capable of ...


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