An told VOA. for China Studies.READ: The Chinese giant, Huawei, is at risk in the face of US sanctionsChina's Failed AttemptsBeijing has long sought to overcome dependence on other countries in the semiconductor sector. In the s, the state created a group of scientists to create a "Program for Scientific and Technological Development, - ," in which semiconductor technology was identified as "of key priority." In recent decades, China has spent significant state resources to fulfill its ambitions in the semiconductor sector.A report published in July by the US International Trade Commission said that the funds spent are reaching almost billion dollars.
James Andrew Lewis, senior vice mobile number list president and director of the Technology Policy Program at the Center for Strategic and International Studies, told CNBC last week that China could outspend the United States, , times more, when it does talk about investments in the semiconductor manufacturing industry.In , China's President Xi Jinping said that "the fact that key technology is controlled by others is our greatest hidden danger." Mr. Xi raised the issue again last Friday during a symposium on science and technology during the th Five-Year Plan period ( - ). "Some key core technologies are controlled by othershe said.
Last week, in response to new US restrictions on Huawei, China announced a comprehensive new series of government policies to expand its semiconductor manufacturing industry by providing broad support for the next generation of semiconductors in the Plan th Five-year.In the hope that key technologies from foreign firms will be transferred to Chinese companies, Beijing has also encouraged US chipmakers to form joint ventures with domestic firms. According to MERICS, a think tank based in Germany, China's drive to produce foreign technology sometimes even targets entire industries. "Almost all major in the United States have received investment offers from Chinese state-owned companies.