China boosts pursuit of chip independence

With the increasingly fierce competition in the global semiconductor industry, there are undoubtedly some obstacles facing China in developing its own self-reliant chip-making production capacity. At the same time, skepticism and pessimism are on the rise regarding China's domestic semiconductor industry, but such external factors won't sway the country's determination in gaining core technologies crucial for its long-term development.

The Chinese version of Voice of America on Monday published an article titled "Flooding investment from US and South Korea may submerge China's self-reliant chip road," saying that as the Covid-19 pandemic underscores the strategic significance of the industrial chain for chips, the US, South Korea, and other countries have successively announced plans to invest hundreds of billions of dollars in this area, resulting in a narrowing path for China to develop its own chip-making industry amid the fierce global competition.