Gaming PC

China Poured Nearly $2 Billion Into Its Own Semiconductor Industry Last Year

The Chinese government aims to break out of US technological sanctions using one of the oldest tricks in the book. It’s about throwing money into the problem. According to a report from of south china morning postas covered Digi Timesthe Chinese government poured 12.1 billion yuan (US$1.75 billion) in subsidies to about 190 listed semiconductor companies in its territory.

As China attempts to catch up with and outsmart its enemies on the geopolitical stage, it is pouring billions of dollars into key areas to become technologically independent from the entrapped Western world.

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