At a major chip expo in China, semiconductor-related companies have intensified their efforts to promote domestic purchasing, aligning with Beijing's strategy to bolster its domestic chip industry. This move comes amid China's plans to launch a significant new fund aimed at expanding semiconductor supply chain investments to sustain the country's double-digit growth in homegrown chip production capacity. The emphasis on domestic buying was highlighted at one of China's largest chip-sector fairs, reflecting the government's commitment to subsidizing the industry at essentially any cost. This strategy is supported by the fact that buyers in large parts of the world remain avid consumers of Chinese semiconductor products, making it challenging to impede the progress of China's chip industry. Jacky Wong from The Wall Street Journal commented, "As long as Beijing is willing to subsidize its domestic chip industry at essentially any cost, and buyers in large parts of the world…remain avid buyers of Chinese wares, it will be hard to halt that progress."
At major China chip fair, firms ramp up call to buy domestic https://t.co/1XnDR58YUf https://t.co/hXuXAWbsCh
⚠️ AT MAJOR CHINA CHIP FAIR, FIRMS RAMP UP CALL TO BUY DOMESTIC Full Story → https://t.co/yGC2t3kvTx Chinese semiconductor-related companies pulled out all the stops at one of the country's largest chip-sector fairs this week to pitch domestic buying, echoing Beijing's call… https://t.co/4QZMVKiMW5
China is expanding semiconductor supply chain investments to sustain double-digit growth in homegrown chip production capacity. https://t.co/zS6Y32iL3p
"As long as Beijing is willing to subsidize its domestic chip industry at essentially any cost, and buyers in large parts of the world…remain avid buyers of Chinese wares, it will be hard to halt that progress." @jackycwong https://t.co/WBEUfXfQoy https://t.co/WBEUfXfQoy
China chip expo shows investment buildup amid plans for huge new fund https://t.co/iz05y5vbr0