An American ban defangs a nascent Chinese chip champion

JINJIANG, A COASTAL city in Fujian province, is known for its thriving $15bn shoe industry. Since the announcement in 2015 of a national plan to dominate ten promising industries, known as "Made in China 2025", the city has marched into semiconductors. By 2025 it aims to build a local chip industry that will be as valuable as its footwear one. Among its new stars is Fujian Jinhua Integrated Circuit, a maker of dynamic random access memory (DRAM) chips, the commodity semiconductors snapped into s...