Chinese authorities had high hopes for China’s chip industry, expecting to see a “semiconductor miracle,” which would then affirm the “advantage of China’s whole nation system,” as well as overcome technology sanctions imposed by the United States. However, eight years into establishment of China Integrated Circuit Industry Investment Fund, also known as the “Big Fund,”…
China’s Trillion-Dollar Research Funds Mostly Spent on Travel and Leisure: Chinese State Media
August 18, 2022
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Former Head of China’s ‘Big Fund’ Management Company Is Under Investigation
July 28, 2022
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The former head of the management company of China’s National Integrated Circuit Industry Investment Fund was placed under investigation after a string of Chinese chipmakers went broke. According to a July 15 announcement by the Chinese Communist Party (CCP)’s Central Commission for Discipline Inspection, Lu Jun, the former deputy director of the Fund Management Department…
Foxconn Could Be Fined for Investing in Chinese State-Backed Chipmaker Without Regulatory Approval
July 21, 2022
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Asia & PacificChinaChina Business & EconomyChina's semiconductor industryFoxconnSpecial TopicsTaiwanTech CompetitiontechnologyTsinghua UnigroupWorld
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Taiwanese electronics contract manufacturer Hon Hai Technology Group (best known internationally as Foxconn) could be fined for not seeking regulatory approval for investing in the embattled mainland Chinese state-backed chipmaker Tsinghua Unigroup, Reuters reported. Hon Hai could face a fine of up to NT$25 million ($835,586) for not first seeking approval for the investment from…
Xi Jinping’s Talk Addressing Tech Companies Reveals China’s Chip Crisis
When five Chinese companies were recently sanctioned by the United States for allegedly supporting Russia after its invasion of Ukraine, the move amplified China’s sense of crisis in its tech industries. Chinese state media openly admit that China’s semiconductor industry faces numerous challenges. During a visit to Wuhan at the end of June, communist leader…
Microchips: China’s Weakest Link?
July 17, 2021
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China's semiconductor industryChinese intellectual property theftmicrochipsOpinionThinking About ChinaViewpoints
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Commentary When China decides to enter into a new undertaking, it rarely holds back. It has built the world’s largest high-speed rail network, the world’s fastest supercomputer, and the world’s largest hydroelectric dam. Beijing’s ongoing “Made in China 2025” initiative is a ten-year plan to make the country the global leader in such fields as…
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