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China, U.S. set out competing semiconductor plans as chip needs surge

China 2574 Info Tech - Tech Hardware 609 Japan 515 South Korea 504 Taiwan 152 Tariffs 1633 Trade Deals 895 U.S. 4574

The Chinese government is reportedly set to release a wide range of support measures for the semiconductor industry as part of the 14th five year plan set to be launched by the Xi administration in October. That comes as the U.S. is attempting to limit China’s access to high-tech products with the Trump administration outlining tax-based measures to increase manufacturing of semiconductors and other high tech equipment in the U.S. Exports of semiconductors from the U.S. to China jumped 14.4% year over year in Q2 and by a further 29.2% in July, possibly reflecting stockpiling by Chinese b...

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