From Breakingviews - China's chip suppliers have some growing up to do
China is readying more than 1 trillion yuan of fiscal support for its semiconductor industry, Reuters reported on Dec. 14, citing sources.
The majority of the funds will be used to subsidise the purchase of domestic semiconductor equipment by Chinese chipmakers. Qualified companies would be entitled to a 20% discount on the cost of purchases. Other measures include preferential tax policies for the industry. Separately, White House National Security Adviser Jake Sullivan said on Dec. 13 that discussions have taken place with Japan and the Netherlands - both major suppliers of chipmaking equipment - on adopting Washington's new technology export restrictions, unveiled in October, against China.
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