The Weak Links in China’s Drive for Semiconductors
“Our dependence on core technology is the biggest hidden trouble for us”, said Xi Jinping in 2016. Semiconductors are crucial to China’s global leadership ambitions - but China’s trouble is no longer hidden, despite massive policy support to a booming sector.
Semiconductors are key to attain Xi Jinping’s goal to turn the People’s Liberation Army into a world-class military by 2050, outlined at the 19th National Congress of the Chinese Communist Party in 2017. Semiconductors are an essential technology for the arms industry, an issue that is now central in US-China relations.
https://www.institutmontaigne.org/en/publications/weak-links-chinas-drive-semiconductors
72 pages report
If this is correct 22JAN21:
China’s state chip fund, aka “The Big Fund”, announced plans to cut its shareholding in three Chinese semiconductor companies. The move will cash out >$4bln for the central govt and an array of investors who are mostly state-owned enterprises.
https://twitter.com/GaoYuan86/status/1352641073386938370
The money might be used for this: 08DEC2020
SMIC announced that it has signed a joint venture agreement with the second phase of China Integrated Circuit Industry Investment Fund and Beijing E-Town International Investment & Development to jointly establish a joint venture SMIC Beijing Integrated Circuit Manufacturing (Beijing) Co., Ltd., with a total investment of $7.6B.