China targets 50% growth in computing power in race against U.S.

News Snapshot:

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights HONG KONG, Oct 9 (Reuters) - China aims to boost the country’s aggregate computing power by more than 50% by 2025, according to a plan released by authorities on Monday, as Beijing tightens its focus on supercomputing and artificial intelligence innovations. The plan comes amid rising competition between China and the U.S. in many high-tech areas ranging from semiconductors and supercomputers to AI, including U.S. export controls on chipmaking equipment. The...