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The Next Great Race Between the U.s. and China Will Be Over Computer Chips
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There's a new technology race brewing between the U.S. and China. It won't be in arms or spaceships or nuclear power. It will be in computer chips.
As recently as 2013, China spent more on computer chip imports than oil imports. In the second half of the 1990s, the Chinese government spent less than $1 billion on research. But in 2014, China announced a plan to drop $150 billion on the industry over the next decade, pulling it even with the level of investment by Intel, the globe's biggest chipmaker.
China's goal is ambitious: to domestically produce 70 percent of the chips used in Chinese computers within 10 years. It looks well on its way to getting there.
From The Week
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