China Give Chipmakers New Power for Industry Blossom
China gives chipmakers new powers to guide industry recovery. Time for changing strategy and relying on a select group of companies to shape its domestic sector. It will no longer tie funding for leading chipmakers such as SMIC to performance goals and will give them greater say in state-funded research. Chipmakers are given new powers to guide industry recovery.
This is also giving a handful of its most successful chip companies easier access to subsidies and more control over state-backed research, as tightening foreign controls on access to advanced technology.
The nurturing of closer co-operation with a select group of companies comes after the government shook up its tech strategy this month with the creation of a new science commission and a reinvigorated Ministry of Science and Technology. Chipmakers Semiconductor Manufacturing International (SMIC), Hua Hong Semiconductor and Huawei, as well as equipment suppliers Naura and Advanced Micro-Fabrication Equipment Inc China, will be among those benefiting from the policy shift, according to people familiar with the matter.
It seems a great challenge and opportunities for semiconductor supply chain industries like Nexteck Singapore Pte Ltd to major the needs of our key customers and planning to extend our production line capacity in WLCSP carrier tape, cover tape and dicing tape for semiconductors packaging and packing to meet with the above changes.
