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It’s remarkable that China even manages to do subsidies better than us. Blanket incentives to an industry would be far better than the regulatory capture we ge

• fngjdflmdflg 2y ago
  Chinese also have their fare share of subsidy fraud.[0][1][2][3] The most notable of these is probably Wuhan Hongxin Semiconductor Manufacturing, which essentially wasted billions of dollars, a lot of which was funded by the local government.[1][3] FWIW, I suspect China will create EUV machines anyway. While there has been a lot of fraud, there is also a lot of talent in China. And solving an already solved problem is much easier than solving it the first time. [0] https://www.bbc.com/news/business-65022389 https://www.bbc.com/news/business-65022389 [1] https://asia.nikkei.com/Business/36Kr-KrASIA/Semiconductor-fraud-in-China-highlights-lack-of-accountability https://asia.nikkei.com/Business/36Kr-KrASIA/Semiconductor-f... [2] https://www.scmp.com/comment/opinion/article/3206470/greatest-challenge-facing-chinas-chip-drive-its-neither-funding-nor-talent-resource-allocation https://www.scmp.com/comment/opinion/article/3206470/greates... [3] https://www.scmp.com/tech/tech-trends/article/3126124/chinas-semiconductors-how-wuhans-challenger-chinese-chip-champion https://www.scmp.com/tech/tech-trends/article/3126124/chinas... (A lot of these sources mention the same incidents, they are not all separate, just wanted to give more than one source)