USCC Report Underscores Risks from China’s Legacy Chip Sector

Each year the U.S.-China Economic and Security Review Commission issues its annual report to Congress. This year’s offering grasps that legacy chips should be considered as part of the U.S.-China national and economic security equation. Earlier this year, CTT’s Every Chip Matters report articulated how China is subsidizing state champion chipmakers like SMIC in order to eventually control the global legacy chip market. Similarly, the bipartisan USCC’s commissioners write in their report, “[China] is evidently betting that massive, state-directed investments and continued access to foreign technology can help it to achieve the breakthroughs it needs to boost productivity and maintain growth.”  The Chinese government’s subsidies and reliance on Western tech appears to already be bearing fruit. The appearance of a… Read More