China's bid to become the global leader in computer chip manufacturing is at risk, and despite Beijing committing $$100 billion to the project, this will not be enough, according to Bain & Company. Instead, the consultancy firm suggests the only way China will achieve this goal is via partnerships and takeover opportunities which will help it to bring in technological understanding and talent, rather than what it is presently doing: starting from scratch. "To gain a material share in the global market, Chinese semiconductor manufacturers...need to catch up with foreign players in terms of technology."
China's bid to become the global leader in computer chip manufacturing is at risk, and despite Beijing committing $100bn to the project, this will not be enough, according to Bain & Company. Instead, the consultancy firm suggests the only way China will achieve this goal is via partnerships and takeover opportunities which will help it to bring in technological understanding and talent, rather than what it is presently doing: starting from scratch. "To gain a material share in the global market, Chinese semiconductor manufacturers...need to catch up with foreign players in terms of technology."