China's Semiconductor Industrial Policy: And the Western Response

Over the past decade, the Chinese government has spent some $100 billion to build its semiconductor supply chain, at the same time weaning itself from American and other nations’ competing technologies. China’s industrial policy has already given it a dominant global position in legacy chips used in automobiles and home appliances, as it gains in cutting-edge semiconductor technology needed for AI. Are American policies designed to slow China’s rise having the desired effect? And what are other countries doing to maintain their own competitive edge?

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