![]() ![]() ![]() has been tightening semiconductor export controls with stricter licensing policies, particularly toward Chinese entities. As U.S.-China competition has intensified, notably under the former Trump administration, the U.S. Through its Made in China 2025 initiative and Guidelines to Promote National Integrated Circuit Industry Development, over the past six years, China has been ramping up its efforts using financial incentives, intellectual property (IP) and antitrust standards to accelerate the development of its domestic semiconductor industry, diminish its reliance on the U.S., and establish itself as a global tech leader. China imported $350 billion worth of chips in 2020, an increase of 14.6 percent from 2019. China is a net importer of semiconductors, heavily relying on foreign manufacturers-notably those in the U.S.-to enable most of its technology. According to IC Insights, eight of the 15 largest semiconductor firms in the world are in the U.S., with Intel ranking first in terms of sales. has been a leader in the semiconductor industry, controlling 48 percent (or $193 billion) of the market share in terms of revenue as of 2020. But the COVID-19 pandemic and international trade disputes are straining the industry’s supply and value chains while the battle between the United States and China over tech supremacy risks splintering the supply chain further, contributing to technological fragmentation and significant disruption in international commerce.įor decades, the U.S. And demand is skyrocketing, with the industry facing numerous challenges and opportunities as emerging technologies such as artificial intelligence (AI), quantum computing, Internet of Things (IoT), and advanced wireless communications, notably 5G, all requiring cutting-edge semiconductor-enabled devices. From smartphones, PCs, pacemakers to the internet, electronic vehicles, aircrafts, and hypersonic weaponry, semiconductors are ubiquitous in electrical devices and the digitization of goods and services such as global e-commerce. Smaller than the size of a postage stamp, thinner than a human hair, and made of nearly 40 billion components, the impact that semiconductors are having on world development exceeds that of the Industrial Revolution. ![]() Semiconductors, otherwise known as “chips,” are an essential component at the heart of economic growth, security, and technological innovation. A Special Report by FP Analytics | Published: February 16, 2021 ![]()
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