China's premier contract chip maker, SMIC, raises $2.8bn

[HEXUS]

However, it is 'years behind' the likes of TSMC, Samsung, say industry experts.

Read more.

[cheesemp]

I am sure China will catch up. Trump may have slowed them down briefly but they will use this as an excuse to do it all in house so to speak. He's pushed them into a corner. This ultimately will cut off even more cash flow out of China as they no longer need to buy external products and won't want to with this risk.

[Gentle Viking]

Nothing a little Remember & Duplicate cant fix.

[Yoyoyo69]

I am sure China will catch up. Trump may have slowed them down briefly but they will use this as an excuse to do it all in house so to speak. He's pushed them into a corner. This ultimately will cut off even more cash flow out of China as they no longer need to buy external products and won't want to with this risk.

I've been saying this for ages. Granted they're putting a lot of pressure on the US, but the way they've handled it has not only forced China to develop everything independently, it's motivated them to do at the expense of the US economy.

In years to come when they are taking huge contracts from the USA, they can thank Trump and his administration for their handing of this farce.

For decades 1st world countries have been outsourcing and selling off to China, happy to live a couple of decades with cheap products and labour. Now they are worried as their short sightedness has given all cards to China.

[CAT-THE-FIFTH]

I've been saying this for ages. Granted they're putting a lot of pressure on the US, but the way they've handled it has not only forced China to develop everything independently, it's motivated them to do at the expense of the US economy.

In years to come when they are taking huge contracts from the USA, they can thank Trump and his administration for their handing of this farce.

For decades 1st world countries have been outsourcing and selling off to China, happy to live a couple of decades with cheap products and labour. Now they are worried as their short sightedness has given all cards to China.

It happened with Japan,South Korea and Taiwan to varying degrees. People have forgotten that Japan and the US had a trade war in the 1980s and 1990s too:
https://paleofuture-gizmodo-com.cdn....amm-1775418875

Japan was accused of stealing US jobs,etc. Both the Republicans and Democrats were smashing Japanese products.

[albert89]

China will not catch up because they have stolen technology from everyone.
There is no incentive for the average chinaman to pour their sweat for a
state that pays them peanuts.

[John_Amstrad]

A reminder for the "innovative" americans:

1. The U.S. debt to China was $1.08 trillion in March 2020. (source: https://www.thebalance.com/u-s-debt-to-china-how-much-does-it-own-3306355)

2. US caught up because they had stolen technology from Germany after WWII.