China’s largest chip foundry is entering into a joint venture with Qualcomm to develop chips, at a time when the country is looking for technology to emerge as a semiconductor producing powerhouse.

The foundry, Semiconductor Manufacturing International Corporation (SMIC), has partnered with Qualcomm, Huawei Technologies and Belgian firm Imec to establish the joint venture, the companies said Tuesday.

In terms of chip technology, SMIC is still two generations behind its rivals including Intel, Samsung and Taiwan Semiconductor Manufacturing Company (TSMC). But the new joint venture hopes to help the Chinese foundry streamline its research operations.

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