China aims to create a $327 billion domestic semiconductor sector by 2023


Source: theburnin.com theburnin.com

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WhatsApp The Chinese government recently unveiled plans to help its domestic semiconductor sector reach $327 billion in value by 2023. Beijing intends to cultivate growth in its local electronic component ecosystem through financial and regulatory support. Officials want to bolster the country’s output of parts used in the manufacture of smartphones, electric vehicles, 5G networks, and connected factories. Last September, China indicated it would significantly increase its regional microchip ecosystem investments to lower its reliance on imported products. Advertisement Beijing’s Three-Year Domestic Semiconductor Sector Improvement Initiative Beijing has actively strived to become a global leader in the semiconductor field since...