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China completes second round of US$29 billion Big Fund aimed at investing in domestic chip industry
South China Morning Post ^ | 26JUL2019 | Sarah Dai

Posted on 10/28/2019 11:37:51 AM PDT by AdmSmith

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To: AdmSmith

Semiconductor fraud in China highlights lack of accountability

Push for homegrown chipmakers leads to multimillion-dollar investment swindle

https://asia.nikkei.com/Business/36Kr-KrASIA/Semiconductor-fraud-in-China-highlights-lack-of-accountability


141 posted on 02/22/2021 6:53:24 AM PST by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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To: AdmSmith

China is exploring limiting the export of rare earth minerals that are crucial for the manufacture of American F-35 fighter jets and other sophisticated weaponry, according to people involved in a government consultation.

The Ministry of Industry and Information Technology last month proposed draft controls on the production and export of 17 rare earth minerals in China, which controls about 80 percent of global supply.

Industry executives said government officials had asked them how badly companies in the US and Europe, including defense contractors, would be affected if China restricted rare earth exports during a bilateral dispute.

“The government wants to know if the US may have trouble making F-35 fighter jets if China imposes an export ban,” said a Chinese government adviser who asked not to be identified. Industry executives added that Beijing wanted to better understand how quickly the US could secure alternative sources of rare earths and increase its own production capacity.
https://arstechnica.com/tech-policy/2021/02/china-targets-rare-earth-export-curbs-to-hobble-us-defense-industry/


142 posted on 02/22/2021 7:00:19 AM PST by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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To: AdmSmith

China Has Been Buying Used Semiconductor Manufacturing Equipment At A Higher Rate In An Attempt To Avoid US Restrictions

Nikkei Asia has reported that used products normally in stock are now going out of stock at a rapid rate causing price increases for almost all equipment. According to Nikkei Asia, lithography systems have tripled in value and so have other systems critical to manufacturing semiconductors.

“Nearly 90% of used machines appear to be headed to China.”

https://wccftech.com/china-has-been-buying-used-semiconductor-manufacturing-equipment-at-a-higher-rate-in-an-attempt-to-avoid-us-restrictions/


143 posted on 03/02/2021 3:46:37 AM PST by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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To: AmericanInTokyo

China gives up ambitious $20 billion semiconductor investment project

Employees at the company, which was once touted as part of Beijing’s plan to become a self-sufficient chipmaker, were “asked to resign” by Monday via a WeChat message, according to Chinese media reports. The company made clear that it had “no plan to resume production,” which has been halted since late 2019 due to failure to attract more investors.

Some reports suggested that as many as 240 people would lose their jobs at the semiconductor plant. Employees were quoted as saying that HSMC had not offered an explanation for its closure or any compensation.

Launched in November 2017, HSMC had a planned investment of US$20 billion and a leadership team of former Taiwan Semiconductor Manufacturing Company (TSMC) executives, including Chiang Shang-yi (蔣尚義), TSMC’s former chief operating officer, as its CEO. It was said to be able to create 50,000 jobs, directly or indirectly, and have an annual output of US$9.25 billion once running at full capacity.

In 2019, the project came to a halt due to irreconcilable gaps in funding, and the status of the public money sunk into it was left unaddressed. Meanwhile, describing his experience with HSMC as a “nightmare,” Chang left the company in mid-2020.

Following Chang’s resignation, reports that described HSMC as a “multi-billion chipmaking fraud” began to surface. Builders and contractors complained about delayed payments, while some reports suggested that most of its employees did not have any background in semiconductor manufacturing, as had been claimed.

https://www.taiwannews.com.tw/en/news/4138523


144 posted on 03/02/2021 8:25:23 AM PST by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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To: AdmSmith

The Labor Ministry said that all Taiwanese and foreign staffing companies on the island as a general rule may no longer post openings for jobs located in China, especially those involving critical industries such as integrated circuits and semiconductors, according to a notice seen by Nikkei Asia.

The move comes as Beijing seeks to build up the mainland’s semiconductor industry — a goal that has intensified demand for Taiwanese engineers.

“Due to geopolitical tension between the U.S. and China, China’s semiconductor development has suffered some setbacks and as a result China has become more aggressive in poaching and targeting top Taiwanese chip talent to help build a self-sufficient supply chain,” the ministry said in the notice.

https://asia.nikkei.com/Business/Tech/Semiconductors/Taiwan-bans-recruitment-for-jobs-in-China-to-combat-brain-drain


145 posted on 05/02/2021 6:28:41 AM PDT by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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To: AdmSmith

China imported $350 billion worth of semiconductors in 2020—more than the value of the crude oil it imported the same year, according to the country’s customs data. Importing semiconductors also accounts for the country’s largest categorical trade deficit, where the difference between what China imports and exports for this particular type of goods is the widest.

China has been the world’s largest importer of chips since 2005. As a result, global chipmakers and the governments in their home countries have grown obsessed with its plan to pursue independence on semiconductors for the past few years.
https://furtherasia.com/china-spends-more-importing-semiconductors-than-oil-2/


146 posted on 05/02/2021 6:34:51 AM PDT by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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To: AdmSmith

At present, there are just 30,000 graduates of IC majors in China each year. Yet as of last year, there were 200,000 work positions that could not be filled due to a lack of skilled professionals. There were only 511,900 people working in the IC sector when at least 720,000 such staff were needed.

Chinese industries are also currently facing a severe shortage in semiconductor chips due to geopolitical tensions and the ongoing supply chain disruption caused by the Covid-19 pandemic. The country’s own chip production capacity remains very limited due to a dearth of lithography machines and chemical materials that it is unable to purchase as a result of recent US trade sanctions.

Tsinghua University’s new School of Integrated Circuits opened today in a bid to solve the underlying problems holding China’s chip industry back and to plug a gaping hole in available talent.

https://www.yicaiglobal.com/news/beijing-tsinghua-university-opens-school-of-integrated-circuits-to-foster-much-needed-talent


147 posted on 05/02/2021 6:43:55 AM PDT by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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To: AdmSmith

I used to know a senior executive at ASML - he told me they moved all production to Singapore a long time ago because of the theft risk from China. Guess they forgot that hiring Chinese nationals poses the exact same risk as manufacturing in Shenzhen.


148 posted on 05/02/2021 6:47:03 AM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: Mr. Jeeves
Yes, not to mention the National Intelligence Law see https://freerepublic.com/focus/f-news/3789661/posts?page=7#7 it is very risky to hire Chinese nationals in sensitive positions.
149 posted on 05/02/2021 7:03:55 AM PDT by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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To: AdmSmith
Once a month, senior executives of Yangtze Memory Technologies Co. fly to Beijing for a flurry of meetings with China's top economic management bodies. They focus on the company's efforts to build some of the world's most advanced computer memory chips — and its progress on weaning itself off American technology.
So far, Yangtze Memory, also known as YMTC, has remained under the radar of the U.S. government. But the company is taking no chances. With the guidance of Beijing, it has launched a massive review of its supply chain in an effort to find local suppliers — or, at least, non-U.S. ones — to replace the current dependence on American technology.

The collective effort has occupied over 800 people, full time, and including staff from its multiple local suppliers, for two years. And they have not finished yet

.While the rest of the city endured a brutal quarantine, high-speed trains remained in service to ferry YMTC employees to its $24 billion 3D NAND flash memory plant that began producing chips in 2019.

While the threat of sanctions hangs over them, so too does the largesse of state aid — subsidies and investment from local governments and the private sector have amounted to at least $170 billion since 2014, according to the state-backed China Securities Journal. There are also guaranteed orders with other Chinese chipmakers and domestic tech giants like Xiaomi, Oppo, Vivo and Lenovo.
https://www.newsbattle.net/2021/05/05/us-china-tech-war-beijings-secret-chipmaking-champions/

Yangtze Memory Explained: China's Next Semiconductor Giant 10 min video by asianometry:
https://www.youtube.com/watch?v=sxqcaViwnvM

As the semiconductor industry is cyclical, will the Chinese try to kill its Western competitors with Chinese state subsidies at the next downturn.

150 posted on 05/10/2021 10:04:58 AM PDT by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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