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Geopolitics & Economics of the Semiconductor Global Value Chain

All Things Policy

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The Importance of State-Owned Firms in China

In the early 2000s, there were some state funds dabbling in this, but they tended not to. The subsidization on fabrication worked better just in the sheer sense of did China grow its relative share of capacity? Yes, it did. There, though, I think again, the subsidization that went to multinational fabs, fabs by TSMC, SK Highnix, Samsung originally also, Texas Instruments and Intel tended to be better bets than a lot of investments in local firms.

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