China’s largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), announced the appointment of its new chairman on July 17. Vice chairman Liu Xunfeng replaced former chairman Gao Yonggang, who the company said had resigned due to “work adjustment.” SMIC did not offer any further explanation in it’s statement to the Hong Kong Stock Exchange. Mr. Gao was appointed…
US Sanctions Bite as China’s Largest Chipmaker Replaces Chairman for Second Time in Two Years
July 19, 2023
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US Experts Worried About China Cornering Market for Old-Gen Chip Technology
December 15, 2022
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With Chinese firms increasingly focusing on boosting the production of older generation chips, experts in the United States and the Western world more broadly, are worried about the development posing a significant international security threat. Older generation chips are still critical for various technologies. For instance, 28-nanometer chips have been in use since 2011 in…
US Approves Thousands of Tech Export Requests to China; Latin America Is a Key Card for China
August 18, 2022
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China is getting all the U.S. tech, and the Commerce Department is apparently helping. A new report suggests Commerce is approving requests to export tech to China. What does this mean for the U.S.-China tech war? And is the U.S. government serious about stopping China’s tech transfer and IP Theft? We discuss this amid the…
Semiconductors Emerge as Battleground in US-China Race to Make Global Tech Norms in Their Image
August 7, 2022
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As every aspect of modern life becomes more and more digitized, not just the economies of nations but their sovereign influence will rely more and more on the command of technology. Although the United States and China are not engaged in traditional warfare, they are engaged in a war of ideas, trade, and technology, especially…
LIVE 5 PM ET: China Catching Up on Semiconductors?; Blackstone Creating Massive Real Estate Fund | NTD Business
Real Estate Powerhouse Blackstone is putting the finishing touches on one of the biggest real estate funds ever, as some predict a drop in home prices. A Chinese microchip maker is producing semiconductors two generations ahead of its time. This could benefit China’s military. The CEO of Volkswagen is stepping down in a surprise move, years…
China Catching Up on Semiconductors?; Blackstone Creating Massive Real Estate Fund | NTD Business
Real estate powerhouse Blackstone is putting the finishing touches on one of the biggest real estate funds ever, as some predict a drop in home prices. A Chinese microchip maker is producing semiconductors two generations ahead of its time. This could benefit China’s military. The CEO of Volkswagen is stepping down in a surprise move, years…
China’s Chip Sector Meets Headwinds While CCP Is Mistrustful of Executives From Taiwan
December 19, 2021
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News Analysis The Chinese Communist Party (CCP) would not have likely secured its self-reliance in chipmaking without support from Taiwanese professionals, amid U.S.–China tech tensions. However, the recent exit of three influential Taiwanese executives from China’s largest chipmaker or its board of directors highlights a reality—that Beijing does not trust them and deems them as…
China’s Chip Giant Battles for Supremacy, Spares No Expense to Keep Talent
Due to the global importance of semiconductor chips for high-tech development, several Chinese companies have begun producing them. China’s largest chip manufacturer is Semiconductor Manufacturing International Corp. (SMIC). Its co-CEO, Meng-Song Liang, announced last August that progress has been made in its attempts to manufacture 7 nanometer (nm) chips. Yet such chips are not small…
Billions Worth of American Tech Licenses Approved for Blacklisted Chinese Companies
October 21, 2021
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Suppliers to two blacklisted Chinese companies—telecom giant Huawei and China’s top chipmaker SMIC—were approved to receive billions of dollars worth of licenses for U.S. technologies shipments between November and April, documents released by the House Committee on Foreign Affairs on Oct. 21 detail. Some 301 licenses worth a total of $103 billion were approved for…
China’s Subsidies for Listed Companies Total $33 Billion, Prioritizing Defense and Semiconductor Sectors
China spent a whopping $33 billion on industry subsidies to listed companies in 2020. Among them, subsidies to semiconductor and defense enterprises increased significantly. According to Japan’s Nikkei Asia, China’s subsidy spending was at a record high last year, and showed a 14 percent increase from 2019. In the semiconductor industry, the regime’s total subsidies…
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