ZTE woes may prove growth opportunity

China's semiconductor or chip industry will see explosive growth as the country accelerates plans to develop the market and cut heavy reliance on imports amid a trade standoff with the United States.

Last month, the US Department of Commerce imposed a seven-year ban on export of US chip technologies to Chinese telecom equipment maker ZTE Corp, a move that threatens the latter's supply chain.

However, experts said the ZTE issue may well result in huge development opportunities for the domestic chip industry, which is still a generation or two behind the leading producers.