Some domestic players in China’s semiconductor industry have wasted resources as the central government has splashed out billions in the industry to create national champions. Photo: Xinhua
Some domestic players in China’s semiconductor industry have wasted resources as the central government has splashed out billions in the industry to create national champions. Photo: Xinhua

China to curb ‘chaos’ in semiconductor industry and hold bosses accountable for risky, loss-making projects

  • State planner admits that some companies have ‘blindly entered into projects’ involving computer chips, resulting in wasted resources
  • National Development and Reform Commission will coordinate with financial industry to improve assessment when it comes to funding semiconductor projects

Some domestic players in China’s semiconductor industry have wasted resources as the central government has splashed out billions in the industry to create national champions. Photo: Xinhua
Some domestic players in China’s semiconductor industry have wasted resources as the central government has splashed out billions in the industry to create national champions. Photo: Xinhua
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