“China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry.”
“The majority of the financial assistance would be used to subsidise the purchases of domestic semiconductor equipment by Chinese firms, mainly semiconductor fabrication plants, or fabs, they said.”
“Such companies would be entitled to a 20% subsidy on the cost of purchases, the three sources said.”
“China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry.”
“The majority of the financial assistance would be used to subsidise the purchases of domestic semiconductor equipment by Chinese firms, mainly semiconductor fabrication plants, or fabs, they said.”
“Such companies would be entitled to a 20% subsidy on the cost of purchases, the three sources said.”
https://www.reuters.com/technology/china-plans-over-143-bln-push-boost-domestic-chips-compete-with-us-sources-2022-12-13/
My impression is this is too little, too late. Does it change any of your forecasts or analysis?