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In 2014, Beijing formalized a strategy to advance Chinese chip industry rapidly. The CCP allocated more than 1.5 trillion RMB to support its semiconductor companies. However, the effort did not generate the intended result in the face of the chip wars (the US v China). What is Beijing’s semiconductor strategy to cope with this challenge as the “US sanctions China” policy in high-tech continues?
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References:
https://www.163.com/dy/article/GEALFRLO0539BX8Z.html
https://www.caixinglobal.com/2021-12-11/state-backed-investors-beat-out-alibaba-for-unigroup-101816439.html
China to launch chipmaking platform in collaboration with Intel, AMD
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