(Observer Network News)”China’s investment in semiconductors may be 1,000 times that of the United States. This kind of power comparison cannot be won anyway.” Senior Vice President, Technology Policy Program Director, Center for Strategic and International Studies, US Think Tank James Lewis said. He believes that the United States is currently leading the technology race, but China is trying to catch up, and the United States’ biggest disadvantage is”unwilling to spend money.”
The US media Consumer News and Business Channel (CNBC) published an interview with Lewis on the 10th, talking about the United States in recent years on the grounds of so-called”national security”. Constantly suppressing Chinese technology companies, including restricting Huawei’s chip supply, threatening to shut down ByteDance’s US business, etc. Earlier this month, the Trump administration was exposed to intend to add SMIC to the”entity list.”
As an expert in the field of cyber security and technology, Lewis, who once served in the US State Department and the Department of Commerce, believes that the United States is currently leading the Sino-US technology competition, but its biggest disadvantage is”unwilling to spend money.”
He cited semiconductors, an important area of Sino-US competition, as an example. The United States is currently the only country in the world that can manufacture advanced chips, but China is investing a lot of money to catch up and will not fall behind forever.”China’s investment in semiconductors may be 1,000 times that of the United States.”
He said that although both parties in the U.S. Congress support a bill that provides incentives by the federal government to strengthen U.S. leadership in semiconductor manufacturing , But”has not seen the funds landing so far.”
“The investment ratio of 1000 to 1 (for the United States) is impossible to win anyway.” Lewis said,”I think they (the United States) are realizing that if they want to compete with China , It’s not just about spending millions of dollars.”
Lewis believes that the biggest disadvantage of the United States in the technology competition is its unwillingness to spend money. Screenshot:CNBC
CNBC reported that as The world’s second largest economy, currently most of the chips used in China rely on foreign imports. Lewis believes that the US threat to cut off SMIC’s chip supply will likely delay the development of China’s semiconductor industry.
At present, China is intensively developing its own semiconductor industry, and the government has invested heavily. Reuters reported that China’s National Integrated Circuit Industry Investment Fund raised 139 billion yuan for chip projects in 2014, and an increase of 204 billion yuan in 2019.
“China’s advantage is its willingness to spend money, massive investment in technology, and firm support from the government, but it also has disadvantages.” While admitting that China has invested heavily in catching up, Lewis still refuses to take him off with a cold war. Colored glasses,”I think they (China) have realized from the American experience that technological leadership will bring power and global influence. This is what they want to pursue…”
“Therefore, a large-scale contest based on technology and economic strength has just begun, and your kitchen appliances may all play a more important role (than before).” He finally said.
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