China’s push for chip self-sufficiency
Similar to the United States, China’s ‘Chip Act’ is in making. It is part of China’s push for chip self-sufficiency via support for local researchers and industry.
Economic self-sufficiency was echoing messages during China’s two-session events. In particular, China insists on being self-sufficient in the production of microchips.
It is part of new digital geopolitics with US export restrictions on chips and technologies for thier produciton.
Chinese vice-premier Liu He recently announced the ‘China Chip Act’plans to boost the local chip industry via both state and market power for growth.