On October 14, 2014, China’s Ministry of Industry and Information Technology (MIIT) announced the establishment of the National Integrated Circuitry Industry Investment Fund. This announcement signaled China’s intent to create a competitive domestic semiconductor sector, starting with the DRAM industry.
Semiconductor Manufacturing International Corporation (SMIC), China's leading semiconductor foundry, has announced it will set up an equity joint venture company that focuses on developing the next-generation CMOS logic technology. SMIC’s partners include Chinese telecom giant Huawei, Belgian nano-electronic research institute imec, and Qualcomm’s affiliate company Qualcomm Global Trading Pte. Ltd.
Chinese and Taiwanese tech companies are currently making an impact on the electric scooter (e-scooter) market. Taiwan-based e-scooter manufacturer Gogoro received much praise for its Smartscooter at this year’s International CES. Since its reveal, the Smartscooter has captured the public’s attention with its innovative design, use of smart technologies and distinct business model.