A Chip Industry Takes Off in China

摘要

For China's industrial planners, accustomed to success in making everything from toys to solar panels, the semiconductor industry has been the one that got away. Over the past decade, young, local chipmakers, backed by state banks and local governments, have thrown billions of dollars into semiconductor plants. It was good money after bad: Despite years of effort, homegrown chipmakers such as Shanghai's Semiconductor Manufacturing International remain distant also-rans against global powers Intel, Samsung Electronics, and Taiwan Semiconductor Manufacturing.