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