Xi's strategy in the US-China chip war

The Washington Examiner ^ | 5Oct22 | Chris Miller

[major_gaff]

In January 2017, Chinese leader Xi Jinping promised "win-win outcomes" via a "dynamic, innovation-driven growth model."
Yet only several months prior, Xi had struck a different tone in a speech to an audience that included Huawei founder
Ren Zhengfei, Alibaba CEO Jack Ma, high-profile People’s Liberation Army researchers, and most of China’s political elite.

[major_gaff]

China appears to be mirroring the US's push to manufacture their own semiconductor IC's.

Money Quote:

'The Made in China 2025 plan doesn’t advocate economic integration but the opposite. It calls for slashing China’s dependence
on imported chips.' ...

'It isn’t only Silicon Valley’s profits that are at risk. If China’s drive for self-sufficiency in semiconductors succeeds,
its neighbors, most of whom have export-dependent economies, would suffer even more. Integrated circuits make up 15%
of South Korea’s exports, 13% of Singapore’s, 27% of Malaysia’s, 23% of the Philippines's, and 43% of Taiwan’s.
Made in China 2025 calls all this into question.'

[SecondAmendment]

In China’s eyes, they are manufacturing the world’s chips since no one officially disputes their claim of owning Taiwan.

[Vaduz]

There goes the big guy 10%.