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China Has Had a Flea Factory Announced at Several Billions: Its only Engraving Machine Was Pawned a Month After Its Delivery
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In December 2019, Wuhan celebrates the arrival of a state-of-the-art ASML engraving machine for its HSMC chip factory. A month later, the same machine is pawned at a local bank to finance the company. The factory, supposed to revolutionise the Chinese industry, will never produce a single chip. More
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