U.S.’s suppression of China only feeds Chinese innovation. /CGTN
U.S.’s suppression of China only feeds Chinese innovation. /CGTN
Editor’s note: CGTN’s First Voice provides instant commentary on breaking stories. The daily column clarifies simmering issues and better defines the news agenda, offering a Chinese perspective on the latest global events.
On June 21, Bloomberg reported that China’s chip industry is the fastest growing in the world. Its data shows that 19 out of the 20 fastest-growing chipmakers over the last four quarters come from China. Just a year earlier, only eight Chinese companies made it to the list. These advances were made despite adverse policies against Chinese chipmakers, especially after the United States imposed sanctions on major Chinese firms like SMIC and Huawei.
If wishes were horses, beggars would ride. The U.S. hoped to stop China’s technological advance with all the sanctions and exclusion. Now, it has to face the ingenuity of not just China’s “national champions,” but the torrent of homegrown ground-up innovation and growth. According to the Semiconductor Industry Association, the Chinese mainland’s semiconductor device sales were about $13 billion, or 3.8 percent of global chip sales. In 2020, the number jumped to $39.8 billion and accounted for 9 percent of the global market, an inch away from Japan and the EU, the largest producers, with 10 percent of…
