Can Chinese chips beat Taiwan in the global tech race?
SMIC’s stock rally shows – at least to mainland investors – that China can build a self-sufficient semiconductor ecosystem. But the reality could be different.
The tit-for-tat US-China technology wars are heating up. Reuters
Chinese chips are turning out to be a hair-raising momentum trade, but the global picture for semiconductors is growing more complex by the day.
Beijing’s push for semiconductor self-sufficiency has driven investors into domestic technology champions: stock in China’s largest chipmaker Semiconductor Manufacturing International Corp (SMIC) has surged 99 per cent since mid-September.
Jessica SierNorth Asia correspondentJessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
