Seven months after the U.S. imposed tight restrictions, Chinese companies have doubled their own supply chains and have begun to receive billions from China and investors. This is reported by the American daily newspaper The New York Times.
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The administration of US President Joe Biden has escalated the trade war over technology, depriving China of access to Western tools and skilled workers needed to produce the most advanced semiconductors, The New York Times notes. Nearly seven months later, U.S. trade barriers have accelerated China’s push for a more independent chip sector, the authors of the paper argue.
“Western technology and money are gone, but government funding is pouring into the production of domestic alternatives to produce less advanced but still profitable semiconductors,” according to an American daily newspaper.
The authors of the article emphasize that China has not abandoned the production of high-quality chips. Manufacturers are trying to work with old components from abroad that are not blocked by US sanctions.
Chinese tech companies across the supply chain are evaluating how to replace Western chips and related components, even those not under US control, a US newspaper claims. Guangzhou Automobile Group, the state-owned electric vehicle maker, said in February that it intends to eventually source all of its roughly 1,000 chips for its vehicles from Chinese suppliers, The New York Times reported. The company currently purchases 90 percent of its chips from overseas.
“Now China’s goal in many areas is to de-Americanize supply chains,” said Paul Triolo, senior vice president for China at strategy firm Albright Stonebridge Group.
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