Ready to invest 40 billion dollars in the domestic production of chips is the China according to Reuters, in order to counter US sanctions and reach their production level.
The country’s president, Xi Jinping, has repeatedly stressed that China must reach a level of self-sufficiency in the semiconductor sector.
Funding from the state and state agencies has provided significant help to China’s two biggest chipmakers in recent years, Semiconductor Manufacturing International Corporation (SMIC) and Hua Hong Semiconductor, as well as flash memory maker Yangtze Memory Technologies. Despite the investment, China has been sidelined by US sanctions and is unable to produce modern 4nm and 3nm chips.
Two previous funding rounds in 2014 and 2019 totaled $19 billion and $27 billion respectively. The current one is the biggest investment to date. About $8 billion will come from China’s Ministry of Finance, while the remaining financiers remain unknown.
Let’s remember that Huawei announced the Mate 60 Pro a few days ago, which has a Kirin chip from the 9000 series and has 5G capability. The chip was manufactured by SMIC with a 7nm architecture and features speeds faster than those found in standard 5G phones.
Source: News Beast
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