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China plans massive support for the semiconductor sector

Beijing is preparing broad support for so-called third-generation semiconductors for the five years through 2025, said the people, asking not to be identified discussing government deliberations.

The Government measures are expected to bolster research, education, and financing for the industry. The plans have been added to a draft of the country’s 14th five-year plan, which will be presented to the country’s top leaders in October.

Back in 2015, China introduced the Made in China 2025 initiative to achieve technological self-reliance in sectors such as robotics, IT, and new energy vehicles. With this initiative, the Chinese government aims to produce 40 percent of its semiconductor requirements by 2020 and 70 percent by 2025.

The Trump Effect.

  • The Department of Defense is in discussions over whether SMIC should be added to the Commerce Department’s entity list.
  • U.S-CHINA tech supremacy wars are expected to continue escalating under the Trump administration

In the future, China will have to count on a more hostile U.S Foreign Policy, One that is afraid of losing technological advantages and thus will act to defend its role as the tech leader.

BEIJING, China’s foreign ministry said on Monday 09/07/2020 The U.S. was “blatantly bullying” Chinese firms and urged it to stop oppressing foreign companies, in response to news of potential U.S. sanctions against Semiconductor Manufacturing International Corp (SMIC) 0981.HK, China’s largest chipmaker.

Sep.03 — Scott Kennedy, senior adviser at the Center for Strategic and International Studies, discusses the role technology plays in tensions between the U.S. and China on “Bloomberg Technology.

Chinese President Xi Jinping

Chinese President Xi Jinping called on a greater emphasis on “basic research” – the focus of which is on improving scientific theory – is seen as key to China reducing its dependence on foreign technology and achieving its ambition of becoming a global technology superpower. [scmp]

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