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Huawei Is Reportedly Building A $1.66 Billion Semiconductor R&D Plant, And Has Hired Engineers From ASML To Make This Possible

NewsTech

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Huawei building a $1.66 billion chip plant

Huawei has grand ambitions of completely ridding itself of foreign technology and relying on its resources to get the job done, but it will take a massive investment for the former Chinese giant’s goals to reach fruition. To accomplish this, the company is reportedly putting up $1.66 billion for its R&D chip plant and has employed talented personnel hailing from the likes of ASML to speed up the process. Huawei has handed out generous compensation packages, but engineers claim that working for the company is ‘brutal’ As the U.S. puts tighter export controls over Chinese companies like Huawei, the latter […]

Read full article at https://wccftech.com/huawei-building-rd-chip-plant-with-an-investment-of-1-66-billion/

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