Saturday, August 13, 2022

China’s Computer Chips Are Down - WSJ

President Biden on Tuesday invoked the hobgoblin of Chinese technological superiority as he signed Congress’s $280 billion computer-chip subsidy bill. China has leapfrogged the U.S. in research and development, he claimed, and “is trying to move way ahead of us in manufacturing these sophisticated chips.” Beijing may be trying but it is struggling mightily despite spending enormous sums.

Bloomberg this week reports that Beijing is launching corruption investigations into government ministers and business leaders involved in its semiconductor initiative, which is a cornerstone of President Xi Jinping’s Made in China 2025 plan to achieve manufacturing self-sufficiency. Corruption crackdowns are Mr. Xi’s modus operandi when things don’t go according to Communist plan.

When senior government officials last month reviewed the country’s chip-making progress, they reportedly grew dismayed that advances may have been overstated and investments weren’t paying off. Mr. Xi’s plan to throw money at the semiconductor industry, as with others, has resulted in many unproductive companies chasing government subsidies.

via www.wsj.com

Well, maybe this CHIPs subsidy program will be different. Isn't that what they're saying?

https://rightcoast.typepad.com/rightcoast/2022/08/chinas-computer-chips-are-down-wsj.html

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Comments

If the US decided to instantly stop doing business with china, china would collapse in a matter of months. The US would struggle for a while and if our so-called experts, in and out of the government, would shut up for a couple of years the American people would roar back bigger, better, happier, healthier, richer and more powerful than ever before.

The ChiComms are the biggest Paper Tiger the world has seen to date.

Posted by: STU | Aug 14, 2022 8:04:19 AM

If you want to handicap China stop admitting her spies into your research universities.

Posted by: dearieme | Aug 14, 2022 12:13:18 PM

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