https://www.taipeitimes.com/News/editorials/archives/2020/12/09/2003748366
China’s bid for top-down innovation
By HolmesLiao 廖宏祥 Wed, Dec 09, 2020
The emphasis of Beijing’s 14th five-year plan, released in October, ranges from 5G, artificial intelligence, quantum computation, semiconductors, the life sciences and biological breeding to aerospace technology. Its objectives are ambitious, and the outcomes deserve attention and scrutiny.
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A prominent example is China’s semiconductor industry. The untold resources devoted to the sector over the past 20 years have prompted some to compare it with Mao’s “two bombs, one satellite” program in the mid-1950s.
Although Semiconductor Manufacturing International Corp (SMIC) has become China’s national champion, it is entirely dependent on foreign technology. Even worse, the company is about a decade behind the cutting-edge foundries of Taiwan Semiconductor Manufacturing Co, South Korea’s Samsung Electronics Co and the US’ Intel Corp.
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