China’s Computer Chips Are Down

America’s industrial policy advocates see China as a technological juggernaut whose governance the United States must emulate or become a declining power. But that’s not the case in Beijing, which is frustrated by its second-tier semiconductor industry.

President Biden summoned the leprechaun of China’s technological superiority Tuesday as he signed Congress’ $280 billion computer chip subsidy bill into law. China has overtaken the US in R&D, he claimed, and is “trying to get way ahead of us in making these sophisticated chips.” Beijing can be to attempt but it fights mightily even though it spends enormous sums. China’s Computer Chips Are Down

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