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11min chapter
China Made a Chip Breakthrough That Shocked the World
Odd Lots
China's Warped Incentive Structure and the Disruption of Infinean
This chapter explores the distorted incentive structure in Chinese companies, focusing on CRRC, a national railway car company. It discusses CRRC's investment in disrupting Infinean, Germany's largest chipmaker, using the tax benefits it receives for investing in the semiconductor business. The chapter also touches on Xi Jinping's crackdown on disorderly capital and China's efforts to develop its own AI models and access high-quality chips.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode