[vkou]

Everything you are saying is true, but chip fab independence is a national-security priority for China, and national-security priorities aren't constrained by next-quarter-earnings market pressures. The strategy also does not just consist of buying off-the-shelf equipment, but also recruiting experts and specialists and designers.

It may not overtake TSMC next year, or in five years, but I'd be surprised if a Chinese firm does not reach parity in ten years.

[MangoCoffee]

China already throw in the big fund back in 2014. i believed they started the big fund II. we'll see how that goes.

>recruiting experts and specialists and designers

they already did that by poaching engineers from TSMC and else where.

>I'd be surprised if a Chinese firm does not reach parity in ten years

that's if the leading foundries just stand still. GlobalFoundries drop out of 7nm. i'll be surprised if the Chinese fabs can catch up in just 10 years.