this is significant because the chinese would be able to put such chips into missiles and fire such missiles across the world with calculated precision. it doesn't matter whether or not their chips are the fastest or the best, what matters to them is whether or not the chip is able to perform calculations fast enough to hit it's intended target.
Loongson Technology unveils ambitious plans for its CPU and GPU development, aiming to compete with major players in the semiconductor industry. The Chinese company's latest desktop CPU matches 14nm x86 chips, with future models targeting even higher performance.
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