PRC kneecapping softtech so hard tech like semi get first dibs on talent, hence hard tech jobs and wages up. They figured it's probably bad use of resources to waste talent refining DiDi delivery by +5 seconds or pervasive Edtech making child rearing onerous. Plenty of movement in LLM AI space, people are conflating unfinished regulations with broad AI kneecapping which isn't actually happening. FDI is basically drop in the bucket to domestic investment and has been for a while. Investment as % of GDP in PRC is ~40% vs EU/US/OECD 20-30%. It's stupid high. West overinflate importance of their low single digit percentage / non substantive investment in PRC.
On semi, you're comparing building things that US should already be able to build, advanced fabs that they have entire tech supply access to VS PRC trying to replicate / close gap to tech they don't have, i.e. it's an innovation not construction problem. Where it's a construction issue, i.e. large nodes, PRC is building like crazy and mostly on schedule. Significant delays are in 28nm and smaller fabs due to escalating export controls by US who has to literally roadblock PRC from being on schedule. US systematically self-sabatoges so she has to also sabatoge PRC to ensure gap doesn't close.
On PRC shifting from big fund, that's due to US sanctions/export controls forcing PRC semi to actually focus on indigenous tech. Big fund was wasteful carrot trying to get PRC semi to indigenize, but no one wanted to when access to mature western tech was available. Now it's not, so incentive structure different, as stated in article itself. See major companies in PRC semi have explosive growth in last couple years... without big fund tier subsidy because sanctions have made them viable. US sticks works better than PRC carrots. No one's fucking around trying buying US/western equipment anymore and doubling down on actually developing and integrating indigenous semi supply chain since unlike bigfund era when situation wasn't existential and bigfund basically opportunity to graft.
PRC is behind only in the sense that US has to actively keep PRC down (which is US right), US CHIPS has no reason to be behind other than lack of human capita and inability to build. BTW there's a reason TSMC/Samsung expanded to PRC before US, and US had to sanction/export control their way to prevent PRC from leading gaining advanced nodes, not just indigenous efforts like Fujian Jinhua, but other established semi players as well. The Taiwanese and Koreans know PRC (just like TW/SKR) has no issue building or staffing and economically operating advanced fabs, meanwhile they were reluctant to expand to US even with CHIPS subsidy.
On semi, you're comparing building things that US should already be able to build, advanced fabs that they have entire tech supply access to VS PRC trying to replicate / close gap to tech they don't have, i.e. it's an innovation not construction problem. Where it's a construction issue, i.e. large nodes, PRC is building like crazy and mostly on schedule. Significant delays are in 28nm and smaller fabs due to escalating export controls by US who has to literally roadblock PRC from being on schedule. US systematically self-sabatoges so she has to also sabatoge PRC to ensure gap doesn't close.
On PRC shifting from big fund, that's due to US sanctions/export controls forcing PRC semi to actually focus on indigenous tech. Big fund was wasteful carrot trying to get PRC semi to indigenize, but no one wanted to when access to mature western tech was available. Now it's not, so incentive structure different, as stated in article itself. See major companies in PRC semi have explosive growth in last couple years... without big fund tier subsidy because sanctions have made them viable. US sticks works better than PRC carrots. No one's fucking around trying buying US/western equipment anymore and doubling down on actually developing and integrating indigenous semi supply chain since unlike bigfund era when situation wasn't existential and bigfund basically opportunity to graft.
PRC is behind only in the sense that US has to actively keep PRC down (which is US right), US CHIPS has no reason to be behind other than lack of human capita and inability to build. BTW there's a reason TSMC/Samsung expanded to PRC before US, and US had to sanction/export control their way to prevent PRC from leading gaining advanced nodes, not just indigenous efforts like Fujian Jinhua, but other established semi players as well. The Taiwanese and Koreans know PRC (just like TW/SKR) has no issue building or staffing and economically operating advanced fabs, meanwhile they were reluctant to expand to US even with CHIPS subsidy.