Long-term IC demand from the telecom sector remains promising, despite short-term headwinds, according to sources at network IC specialists.

Over the past 30 years, one-third of the global economic momentum has come from China. This has been China’s positive contribution for the world. However, behind China’s moves of bringing in foreign capital and leveraging its domestic market is its techno-nationalistic agenda manifested in the form of Belt-and-Road expansion. Such an agenda has raised grave concern in the US-led Western camp, which believes it is a severe challenge to Western capitalism.

MG Motor India, a subsidiary of China-based SIAC Motor, is reportedly under investigation by the Indian government for alleged financial irregularities, although the company has just started its long-term investment in the country.