China sets out to become global leader in chip manufacturing

Clear indication that they plan for the future and invest in it. America's spying will backfire badly.

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PC World
By Michael Kan
24 June 2014

China is propping up its local chip manufacturing industry with new policies and financial support intended to turn the country into a semiconductor-making powerhouse by 2030.

In policy guidelines published Tuesday, the Chinese government laid out a blueprint to develop the domestic integrated circuit industry.

The country not only wants to sharpen its competitive edge, but also wean itself from foreign chip makers, China’s Ministry of Industry and Information Technology said in a separate posting.

China is already the biggest manufacturer of electronics, and also one of the largest markets for them. Last year, China-based companies made almost 1.5 billion mobile phones and 340 million PCs. But the country’s electronic industry, with profit margins at about 4.5 percent, is not generating the net earnings it would like from the goods, according to the ministry.

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