China looks to foreign companies to end chip dependence

Stefan Mileschin · 27th April 2018, 13:15

Speed up development to cut US dependence

It looks like Donald (Prince of Orange) Trump's trade war is going to force the Chinese to speed up its chip development programme to end its dependence on US companies quicker.

China is looking for billions of dollars in funds to propel its domestic ambitions in chips to cut a heavy reliance on imports and has invited overseas investors to help it get there.

The country’s industry ministry said it welcomed foreign enterprises to invest in its top state-backed semiconductor fund.

China’s National Integrated Circuit Investment Fund is now putting together a second fund to support the sector, a Ministry of Industry and Information Technology (MIIT) official said.

“We welcome foreign enterprises to participate”, MIIT spokesman Chen Yin said at a press conference in Beijing.

The fund, which raised about $22 billion previously, has been a target for US politicians concerned that Chinese firms, flush with state money, could challenge US chip giants like Qualcomm for whom China is a key market.

The United States Trade Representative referenced China’s semiconductor roadmap, which includes national funding, in a trade report that authorised Trump to levy up to $100 billion in tariffs against the country.

Jack Ma, the founder of tech giant Alibaba, said in Japan on Wednesday that China needed to control its “core technology” like chips to avoid over-reliance on U.S. imports.

https://fudzilla.com/news/pc-hardwar...hip-dependance

27th April 2018, 13:15	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,500	China looks to foreign companies to end chip dependence Speed up development to cut US dependence It looks like Donald (Prince of Orange) Trump's trade war is going to force the Chinese to speed up its chip development programme to end its dependence on US companies quicker. China is looking for billions of dollars in funds to propel its domestic ambitions in chips to cut a heavy reliance on imports and has invited overseas investors to help it get there. The country’s industry ministry said it welcomed foreign enterprises to invest in its top state-backed semiconductor fund. China’s National Integrated Circuit Investment Fund is now putting together a second fund to support the sector, a Ministry of Industry and Information Technology (MIIT) official said. “We welcome foreign enterprises to participate”, MIIT spokesman Chen Yin said at a press conference in Beijing. The fund, which raised about $22 billion previously, has been a target for US politicians concerned that Chinese firms, flush with state money, could challenge US chip giants like Qualcomm for whom China is a key market. The United States Trade Representative referenced China’s semiconductor roadmap, which includes national funding, in a trade report that authorised Trump to levy up to $100 billion in tariffs against the country. Jack Ma, the founder of tech giant Alibaba, said in Japan on Wednesday that China needed to control its “core technology” like chips to avoid over-reliance on U.S. imports. https://fudzilla.com/news/pc-hardwar...hip-dependance

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
China's relaxed rules on foreign car makers are good news for EVs	Stefan Mileschin	WebNews	0	19th April 2018 10:03
China prepares to fluff up local tech companies	Stefan Mileschin	WebNews	0	1st June 2016 05:36
China tightens its censorship grip on foreign content	Stefan Mileschin	WebNews	0	22nd February 2016 05:46
Capital spending by chip companies to fall	Stefan Mileschin	WebNews	0	14th October 2015 19:40
Two chip companies in $40 billion merger	Stefan Mileschin	WebNews	0	3rd March 2015 07:56
Chip companies set to desert USA	Stefan Mileschin	WebNews	0	19th June 2014 07:11
China to conduct security audits on US tech companies	Stefan Mileschin	WebNews	0	18th August 2013 16:29
White House accuses China of hacking US companies	Stefan Mileschin	WebNews	0	13th March 2013 07:25
Russian chip companies on the up	Stefan Mileschin	WebNews	0	12th December 2012 07:41
China shuts the door on foreign tech	jmke	WebNews	0	15th December 2009 10:49