"The Biden administration aimed to limit Beijing's ability to develop technologies that could boost its military and financial strength, further narrowing the gap between the world's two largest economies."
"Beijing granted huge subsidies, tax breaks and other cost savings to nurture local counterparts to NVIDIA and Taiwan's TSMC, the world's dominant contract chipmaker for advanced semiconductors."
"Ryu Yongwook believes progress is often exaggerated. 'Beijing wants to achieve chip self-sufficiency, but the current level is nowhere near it,' he stated."
The United States implemented export restrictions on advanced semiconductors to curb China's technological growth and military enhancement. This led China to accelerate its self-reliance in chip production, investing heavily in domestic capabilities. Despite significant financial support and record revenues for companies like SMIC, experts believe China's progress in achieving chip self-sufficiency is overstated. The country still lags behind the US, Taiwan, and South Korea in research, design, and production capabilities.
Read at www.dw.com
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