Not 100% true. Semiconductor industry isn't a result of free market, it is a highly strategic sector that is largely influenced by political/military goals, thi

Not 100% true. Semiconductor industry isn't a result of free market, it is a highly strategic sector that is largely influenced by political/military goals, this is a claim from Obama administration's own report of China's ambition in chips. Quote from the report > 'The global semiconductor market has never been a completely free market: it is founded on science that historically has been driven, in substantial part, by government and academia; segments of it are restricted in various ways as a result of national-security and defense imperatives; and it is frequently the focus of national industrial policies. Market forces play a central and critical role. But any presumption by U.S. policymakers that existing market forces alone will yield optimal outcomes – particularly when faced with substantial industrial policies from other countries – is unwarranted. In order to realize the opportunities that semiconductors present and to effectively mitigate major risks, U.S. policy must respond to the challenges now at hand'