China Sets Up Third Fund With $47.5 Billion To Boost Semiconductor Sector (reuters.com) 37
China has set up its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion), according to a filing with a government-run companies registry. Reuters: The hundreds of billions of yuan invested in the sector puts into perspective President Xi Jinping's drive to achieve self-sufficiency for China in semiconductors. That commitment has taken on renewed urgency after the U.S. imposed a series of export control measures over the last couple of years, citing fears Beijing could use advanced chips to boost its military capabilities.
Well, this is interesting... (Score:2, Insightful)
And announced so soon after the latest reports of China selling $53 billion of US Treasuries and bonds [yahoo.com] this past quarter, a record amount by all measures.
Interesting to see how this will pan out, as the US is bringing tariffs back.
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Hopefully these actions continue on both sides and we eventually have a smooth break from China.
There's no reason for the West to support a country like CCP China.
If they invest in their own tech and stop stealing ours, more power to em. Kudos.
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Much like elections we only have limited options and the end of the day, there is no magical outside party coming to fill a power vacuum, the choices we have are right in front of us. A world where US power recedes is one where China takes more of it.
The whole world would be better off being free of the USA. There's absolutely no doubt about it.
The majority of the world disagrees with you, especially the countries right next door to China.
This is also double ironic when the US is months away from an election. When's the next Chinese election coming up?
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Once again, much to the contrast of China and Russia the USA protects the rights of even performative rich kid grifters like ol' Tucker. No gulags for him like he would if he lived in either of those places and criticized the regimes the way he does his homelands. The irony, I hope is not lost on him.
Re: Well, this is interesting... (Score:3)
I think he's made it clear that he'll promote a narrative even he himself hates if it means he'll get more eyeballs. Who the hell knows what he thinks, he's an Alex Jones wannabe and just as stupid.
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Aren't labor costs too high in the USA to bring manufacturing onshore?
I'd be very surprised if Taiwan companies don't have well advanced contingency plans in an un-aligned country such as India which has a limitless supply of cheap English speaking workers.
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Aren't labor costs too high in the USA to bring manufacturing onshore?
The USA manufactures as much as ever. What has declined is manufacturing employment, as more and more manufacturing is automated.
India which has a limitless supply of cheap English speaking workers.
The bureaucracy in India can be stifling, and English is not needed by manufacturing workers.
The go-to places for manufacturing today are Vietnam for electronics and Bangladesh for low-end stuff like textiles.
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Yeah, for some things. For a lot of things that are produced in Asia like electronics it's also a bit of lacking that deep knowledgebase the Asian countries have acquired.
Just the same though no country can exist simply being the worlds cheap labor force forever. I remember the attitude people had towards "made in Japan" in the 80's, now it's a mark of quality. Just like there, Korea and others once your economy grows people start hitting the middle class and now everyone wants a piece of that so labor r
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Strange how literally millions of people (anywhere from 10m to 40m depending on who you listen to) have illegally entered the US plus tens of millions more on various visas to work or marry and then the ones who got green cards to stay for 10 years per card and finally the ones who went through the citizenship process like my wife.
How many people are fleeing to China? Escapees from North Korea? Right.
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How many people are fleeing to China? Escapees from North Korea? Right.
People don't flee to China because China doesn't let them.
China is not a country of immigrants. It is very difficult to get permanent residence status and nearly impossible for a foreigner to become a citizen.
Nonetheless, there are illegal immigrants from Laos and Burma and an African ex-pat community in Guangzhou.
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No one goes to China because except for the North Koreans, it is worse than where they already live. If China opened their borders and welcomed foreigners warmly you think they'd get millions of volunteer immigrants looking to live the fabulous CCP Chinese lifestyle?
People only move to better places where their lives will improve and it's worth leaving everything behind for the promised land. China is better than where, exactly? Who would leave everything behind for the golden Chinese promise of ... what
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No one goes to China because except for the North Koreans, it is worse than where they already live.
Have you been to China?
Get a passport. Go visit Pudong and Shenzhen.
China is more prosperous than 70% of the world. Pudong is nearly as prosperous as America.
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Nobody has anything against "China", what most have a problem is its current dictatorial government and its dumb and dangerous politics, e.g. supporting orkistan's aggression against Ukraine, or threatening democratic and independent Taiwan.
Or are you going to tell me that Xi is the emanation of the Chinese spirit as such?
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small johnson and sleepy joe are stopping Ukraine from winning.
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No, you didn't. You somehow implied it isn't the fault of the repugnican traitors that Ukraine was left for 8 months without arms supplies, the results of which we're seeing today.
Re: Well, this is interesting... (Score:3)
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Ok great, I agree, we should completely separate from them so we can't steal their technology anymore. It'll be good for them.
Poor China always getting their advances and IP stolen by the west. It's crazy how much of their stuff we've stolen. Like the uh uhm... silk worm. And uh fire works.... And hmmm... using political prisoners for forced organ harvesting. Oh, wait, we haven't stolen that one, yet. Maybe you can add to this list.
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Will it be good for anyone to create another cold-war style divide? Or are you just hoping that if the US can replicate China's supply chains and R&D investment levels, people will just switch to buying US stuff without the need for any enforcement like sanctions?
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We're already in a Cold War with China.
You think the US doesn't invest tremendously in R&D or understand how supply chains work? Stop trolling. Even though you're ignorant how most of the world works you don't usually flat out troll like that.
I don't care if Americans buy US stuff. I care that we prop up evil regimes around the world instead of isolating them. It's long ago proved to be a stupid policy we keep doubling down on.
This could work well. (Score:3)
Or, it could go down the East Germany route, who also decided it was going to become a global powerhouse in semiconductors; poured tons of money into it and employed the best industrial espionage that the world could offer to get ahold of entire foreign production systems...
. ... and ended up basically bankrupting the nation, because they just couldn't deliver on the strict chains of quality needed at every step of the long production chains, and could neither produce nor innovate fast enough to keep up with foreign peers.
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"Well" is a matter of perspective. My definition of "well" is exactly what you describe for East Germany: they go bankrupt failing to produce their own advanced chips.
That would be a perfect outcome.
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You are comparing oranges to appleseeds, as usual.
East Germany by itself wasn't able even in principle to sustain a costly industry that depends for its survival on narrow specializations in many areas and quantity shipments. Besides, the real goal there, and elsewhere in the Eastern Bloc, was always one - supplying the military, so commercialization was never the important driver.
Finally, judging the effort as "total failure" is a bit of a stretch - Dresden today is the center of the so-called "Silicon Sa
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It was MUCH simpler to be a semiconductor manufacturer in that era, and overall global volumes were much smaller.
This is simply false. East Germany sought to be a leading global c
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It was MUCH simpler to be a semiconductor manufacturer
LOL, shows how MUCH you don't know about semiconductor manufacturers in that era.
This is simply false. East Germany sought to be a leading global commercial supplier.
Sure, Jan.
Bankrupting the nation to produce laughably small quantities of inferior chips
Wait, didn't you claim just two lines above that it was SO EASY back then?
Yes. Today.
No, not today, the first AMD factory was built there in the early 1990s. Once the political restrictions on the sector were removed, it began to develop as a center of commercial projects almost immedately.
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The major difference is that China is not simply stealing the technology like East Germany tried to, they are developing it themselves. There is a massive amount of hiring going on for IC fabrication at the moment, both for Chinese citizens with the necessary skills and foreigners (particularly Taiwanese) who have experience with high end processes.
If we keep assuming China will always fail because all they can do is make inferior copies, WE will keep losing. Like we did with Huawei, and EV batteries, and a
who wins (Score:3)
In this arms race, who wins will be decided by who can get something done in the face of pervasive corruption.