Memory chip champion planned

The Chinese state is investing billions in Shenzhen-based semiconductor startup Swaysure Technology to grow a manufacturer of much-needed memory chips. According to Taiwanese websites, investments of ¥300 billion are planned via funds from the city of Shenzhen in a factory that is to be ready in early 2024. That would be a good €40 billion. Swaysure had recently attracted attention by poaching Japanese management veteran Yukio Sakamoto.