When it comes to U.S.-China trade, semiconductors are a big deal. The chips that power virtually all modern electronics are one of the U.S.s most valuable exports at $42 billion a year and China’s biggest import at $232 billion. But so far, China’s own role in semiconductor production and chip design has remained relatively small, despite concerted but flawed efforts by previous Chinese administrations to boost it. This past June, fresh Beijing leadership under President Xi Jinping issued a new set of “Guidelines to Promote National Integrated Circuit Industry Development.” Noted analyst and EWC Senior Fellow Dieter Ernst examines the objectives, strategy and implementation policies of China’s recent semiconductor push and what they imply for the country’s prospects in this key industry.
Posted on: Thu, 13 Nov 2014 02:00:00 +0000
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