Synopsis
Microchips figure among the seven “core technologies” that China aspires to master. But a massive US semiconductor subsidy programme will complicate its efforts. It will not only make the US a more competitive place to invest in chip manufacturing, but will also effectively force participating firms to choose between the US and China.
Promoting the semiconductor industry is a key priority for Beijing. Microchips are among the seven “core technologies” the country aspires to master, according to a 2021 economic blueprint. The scandal-struck “Big Fund” set up to invest in the industry has sucked up more than 300 billion yuan since 2014. But a massive U.S. semiconductor subsidy program that became law earlier this month will further complicate China’s efforts.That’s partly
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