“My country still faces a big gap in chip technology,” said industry analyst Liu Chuntian of Zero Power Intelligence Group. China accounts for 23% of global chip production capacity but only 7.6% of sales. Washington and Europe, citing security worries, block access to the most advanced tools Chinese chipmakers need to match global leaders in precision and efficiency. Beijing says it will spend $150 billion from 2014 through 2030 to develop its chip industry, but even that is a fraction of what global leaders invest. Beijing encourages smartphone and other manufacturers to use suppliers within China, even if they cost more, but officials deny China wants to detach from global industries.

Source: Egypt Independent December 30, 2021 02:44 UTC