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>China should have done this 5-8 years ago. Like already someone commend. They did! It's called "Big Fund" and started in 2005. This is just another round. The

• ksec 8y ago
  There is quite a difference. In the old days, the "fund" aren't really put to use. They were given out very loosely, Many were grabbing it for their own self interest. With no results in sight, mostly just PR and stuns. These days you are require to prove. And there are people qualify to judge whether you are actually getting somewhere. That said, Semi Conductor is expensive, and requires lots talents and a whole IP ecosystem around it none of which China has. They are trying to paid to get these component and talent, copying and learning from it as we speak. But whether that works and how long it will take we have no idea. After all Semi moves at a very fast pace, by the time they caught up with 14nm, the world would have moved to 5nm.