A week ago, we reported on a series of investigations into China's chip industry, in which several chip industry leaders were abruptly taken away by the CCP’s Central Commission for Discipline Inspection, CCDI, for investigation and are now unaccounted for. The storm isn’t stopping there.
On August 9th, according to the website of the State Supervision Commission of the CCDI, three senior executives of China's chip industry and Huaxin Investment Management Co. were added to the investigation list.
On August 9th, 2022, U.S.President Joe Biden signed the Chips and Science Act was passed by the U.S. Senate and House of Representatives at the end of July. The Act provides significant funding incentives for the American semiconductor industry and grants for scientific research. The U.S. usually plays a leading role among its allies. When the U.S. assumes this stance, Beijing's dream of building the chip will be even tougher to achieve.
Have questions? Do you have something to share with us about China? We want to hear from you!
Email:
[email protected]
Facebook www.facebook.com/EyesOnChina.
Your support allows us to produce more high-quality videos.
Consider donating at https://www.paypal.com/paypalme/ChinaInsights
Copyright @ China Insights 2021. Any illegal reproduction of this content in any form will result in immediate action against the person(s) concerned.