China’s Semiconductor investment totaled $2 billion in 2022

China’s semiconductor efforts are increasing as the country is attempting to weaken the bite of US technical sanctions by employing one of the oldest techniques in the book: throwing money at the problem. According to a South China Morning Post investigation, as reported by DigiTimes, the Chinese government spent CNY12.1 billion (US$1.75 billion) in subsidies to approximately 190 listed semiconductor companies in its territory.

China has been pouring billions of dollars into industries crucial to achieving technical independence from the enslaved Western world as it tries to catch up with – and then exceed – its adversary on the geopolitical stage.

Those $1.75 billion may appear insignificant in comparison to massive packages such as the US’ CHIPS Act (a $76 billion semiconductor industry injection with strict safeguards against any potential Chinese benefits); the EU’s $47 billion pledge; or even TSMC’s planned 11 billion investment in a German semiconductor factory.

China’s direct subsidies to the semiconductor industry are not the only moving piece on this board.

semiconductor
credit: tomshardware

For example, China surpassed the United States in the number of papers submitted to the famous International Solid State Circuits Conference (ISSCC 2023) this year, a tentative step towards granting the country its own R&D capabilities that will allow it to circumvent potential future sanctions.

And these research accomplishments are clearly based on China’s investment in education, which saw $179 billion in financing for 2022 alone, with specific universities receiving $5 billion financial injections.

Another factor preventing China from becoming technologically enslaved is the country’s role as the global hub for the extraction, processing, and sale of rare earth metals – the components that go into semiconductors themselves. Every day, a balancing act is expected to take place in this area, as sanctions (and their severity) must account for the prospect of China shutting off (or at least tightening) the tap on these essential components.

Also Read:

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Exclusive: The Cheapest Places to Buy iPhone 16e in...

Cheapest Places to Buy iPhone 16e: Apple's iPhone 16e, launched as a budget-friendly alternative to its flagship...
Trump Wants to Scrap the $52.7 Billion CHIPS Act – What It Means for America’s Tech Future

Trump Wants to Scrap the $52.7 Billion CHIPS Act

In a bold and controversial move, former President Donald Trump has called for the repeal of the...
China's Numemory Unveils Optane-Like Storage Class Memory: A Game-Changer in High-Speed Storage?

China’s Numemory Unveils Optane-Like Storage Class Memory

The race to develop high-performance storage solutions has taken a fascinating turn as China's Numemory, also known...

DeepSeek AI Competition Reshapes China’s Tech Giants: Baidu Goes...

DeepSeek AI Competition! In a stunning turn of events that's sending shockwaves through the tech world, China's AI...

DeepSeek: Unraveling the Myths Behind China’s AI Sensation

DeepSeek AI Sensation In the ever-evolving world of artificial intelligence, a new player has emerged, captivating the tech...

LATEST NEWS

MS Dhoni and Vijay Shankar’s IPL Records: Analyzing the CSK vs DC Match IPL 2025

CSK vs DC Match IPL 2025: In the ever-evolving landscape of the Indian Premier League (IPL), the 2025 season has already thrown up some...

MI Coach Breaks Down Tilak Varma’s Retired Out Decision, Says It Was All About Freshness

In a move that sent shockwaves through the cricketing world, Mumbai Indians’ head coach Mahela Jayawardene made a bold decision that left fans and...

IPL 2025: IPL Teams with Most Wins While Chasing Runs

IPL 2025 : When it comes to chasing targets under pressure, few teams have mastered the art like the Kolkata Knight Riders (KKR). The...

Barak FC Crowned Inaugural Nagaland Super League Champions After 3-1 Win Over Longterok FC

Barak FC : Barak FC has etched its name in the history books by becoming the first-ever champions of the Nagaland Super League (NSL),...

Featured