Sources: China is pausing massive investments and costly subsidies for its chip industry amid a COVID-19 wave, seeking alternatives to help homegrown chipmakers
China is pausing massive investments aimed at building a chip industry to compete with the US, as a nationwide Covid resurgence strains …
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Discussion
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@dalperovitch
Dmitri Alperovitch
on x
China is pausing massive investments aimed at building a chip industry to compete with the US. Not sure this has much to do with the COVID wave vs, say, the ban on Western chipmaking equipment exports to China https://www.bloomberg.com/...
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@jimpethokoukis
James Pethokoukis
on x
Industrial policy, FTW? | “Top officials are discussing ways to move away from costly subsidies that have so far borne little fruit and encouraged both graft and American sanctions.” https://www.bloomberg.com/... via @technology
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@sdonnan
Shawn Donnan
on x
China is hitting the pause button on public investment in the semiconductor industry just as the US is ramping up... Why? China's efforts haven't really worked... Fascinating piece from my @business colleagues in China. https://www.bloomberg.com/...
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@annmarie
Annmarie Hordern
on x
Scoop: China is pausing massive investments aimed at building a chip industry to compete with the US. Top officials are discussing ways to move away from subsidies that have so far borne little fruit & encouraged graft & US sanctions, per people familiar. https://www.bloomberg.co…
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@bloombergtv
@bloombergtv
on x
EXCLUSIVE: China is pausing massive investments aimed at building a chip industry to rival the US, after considering $145 billion in subsidies https://www.bloomberg.com/...
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@thestalwart
Joe Weisenthal
on x
Wow this seems pretty huge. China hitting pause on its massive domestic semiconductor investments. Officials reconsidering strategy after existing approach failed to yield significant results. https://www.bloomberg.com/...
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@pelstrom
Peter Elstrom
on x
Scoop: After pouring billions into its domestic chip industry, China is hitting pause on those investments as the Covid battle strains the country's financial resources. It's a dramatic shift born of necessity and failure. 🧵 @debbywuintaipei @GaoYuan86 https://www.bloomberg.com/.…
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@counternotions
Kontra
on x
“China is pausing massive investments aimed at building a chip industry to compete with the US, as a nationwide Covid resurgence strains the world's No. 2 economy and Beijing's finances.” (Narrative disruption?) https://www.bloomberg.com/...
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@byron_wan
Byron Wan
on x
“It underscores how the country's economic ructions are taxing Beijing's resources and hobbling its chip ambitions. That could have ramifications for spending in other critical areas, from the environment to defense.” https://www.bloomberg.com/...