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>All Chinese semiconductor subsidies, both local and state subsidies, are estimated $60 billion __per__year__. The closest I can find to this figure is a Dept
by Shrezzing 3y ago
>All Chinese semiconductor subsidies, both local and state subsidies, are estimated $60 billion __per__year__.
The closest I can find to this figure is a Dept of Commerce report that estimates China gave $150bn in subsidies in total to its semiconductor industry in the period 2013-2023.
Do you mean that they give 60bn rmb per year?
- pokepim 3y ago[dead]
- nabla9 3y agoNo. They have increased subsidies dramatically after US sanctions and technology restrictions Just a single package was over $143 billion. https://www.reuters.com/technology/china-plans-over-143-bln-push-boost-domestic-chips-compete-with-us-sources-2022-12-13/ https://www.reuters.com/technology/china-plans-over-143-bln-...
- alephnerd 3y agoThat was because of debt restructuring due to Tsinghua Unigroup's collapse [0][1] [0] - https://asia.nikkei.com/Business/China-tech/China-s-Tsinghua-Unigroup-axes-major-memory-chip-projects https://asia.nikkei.com/Business/China-tech/China-s-Tsinghua... [1] - https://www.bloomberg.com/news/articles/2023-03-20/china-investigates-ex-unigroup-chief-in-latest-chip-graft-probe https://www.bloomberg.com/news/articles/2023-03-20/china-inv...
- Shrezzing 3y agoDid the proposed package actually happen? There seem to be no follow-up articles about it. If the CCP wanted to hide it, $140bn would still represent ~1% of their GDP, so there should be some pretty obvious markers indicating that it went through. In Sept 2023, the FT reported that the Big Fund (the main pot for semiconductor subsidies) was struggling to hit its modest targets of $40bn in total across a 5-year investment. I don't see it as credible to say that China are currently investing $60bn/yr, or anything approaching that figure. They seem to currently be struggling to hit $10bn/yr.