China plans to become independent in components and semiconductors industry. Therefore, by 2025, the PRC is going to launch its own production of electronic components, and this work is already underway.

Over five years, the country will allocate $ 1.4 trillion (this is not a typo) for the needs of the electronic components industry. The state will not directly build factories and plants, instead, funds are allocated to Chinese specialized companies under the strict control of officials.

It is already known that the funds will be received by Alibaba Group, Huawei Technologies Co. Ltd, SenseTime Group Ltd. and a number of other high-tech companies. The main task set before them is to reduce the dependence of the electronic industry in China on other countries, mainly the United States. This was announced at the launch of the Made in China 2025 program. This year, China will allocate totally about $563 billion.

In mid-August, the Chinese government released data on the volume of semiconductor chips produced in the country. As it turned out, this figure grew by 41.3% over the year. And the country continues to increase production volumes.

Huh.