How Realistic Are China’s Semiconductor Ambitions?
Despite big aspirations – and big investment – China has struggled to catch up with the US in an economically and strategically vital industry, and will continue to face significant barriers to progress. But a number of factors – from rising US inflation to fast-growing scientific capabilities – could work in its favor.
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SEOUL – When Joe Biden landed in South Korea last month – his first official trip to the country as US President – he headed straight for Samsung’s massive semiconductor factory outside Seoul. There, he met with South Korean President Yoon Suk-yeol and Samsung Electronics Vice Chairman Lee Jae-yong, and praised the construction of a $17 billion Samsung semiconductor factory in Texas. The economic and strategic importance of semiconductors could not have been made any clearer.