China Tackles Chip Shortage Problem Via Marxist Approach
Tsinghua University sets up new school in response to chip shortage crisis
China’s industrial sector is suffering from a severe shortage of semiconductor chips, following U.S. sanctions and other supply problems, which is seriously slowing down the country’s manufacturing capacity. Recently, Tsinghua University announced the establishment of a new school that would help solve the country’s chip shortage problem, as Chinese leaders promote a Marxist approach to speed up chip production. But experts say China has a long way to go.
On April 22, Tsinghua University in Beijing announced the establishment of the School of Integrated Circuits that would help China build up its own chip market and cut its reliance on foreign suppliers. During the inauguration ceremony, Tsinghua’s president, Qiu Yong, said, “The skyscraper of a strong country cannot be built on the foundation of others. The key core technology must be in one’s own hands.”