China has spent 3.6 times more than the US on chipmaking subsidies over the past decade — $142 billion and counting, easily outweighs CHIPS Act

Chip IC with Chinese flag above.

Semiconductor industrial policy spending in China totaled around $142 billion between 2014 and 2023, roughly 3.6 times higher than the $39 billion committed in the United States over the same decade, according to a recent report published by the Center for Strategic & International Studies in early March. The report argues that China's massive technology spending has given it a better position on the international stage in both influence and power, and it suggests "other governments need to respond pragmatically to reduce the downside costs."

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(Image credit: tsmc)

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