The Chinese government is looking to take the teeth out of the United States' technological sanctions by using one of the oldest tricks in the book: throwing money at the problem. According to a report from the South China Morning Post, as covered by DigiTimes, the Chinese government poured CNY12.1 billion (US$1.75 billion) in subsidies to around 190 listed semiconductor companies in its territory.
China has been pouring billions of dollars into sectors critical to its technological independence from the locked-in western world as it attempts to catch up to — and then surpass — its opposition in the geopolitical stage.
