Made in China 2025

U.S. Chipmaker Qualcomm Terminates Joint Venture with China

Qualcomm Inc., the U.S. company that makes the chips used in many popular smartphone models, has decided to terminate a joint venture with the government of China’s Guizhou province. The company established by this venture in 2016, Huaxintong Semiconductor Technologies (HXT), will reportedly cease operations by April 30.

Semiconductors are among China's biggest imports, rivalling oil