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China to Pour Money Into Chips, AI and 5G in Push to Catch U.S.


China to Pour More Money Into Chips, AI and 5G to Catch U.S.
Bloomberg
3/5/2021
(Bloomberg)
China pledged to boost spending and drive research into cutting-edge chips and artificial intelligence in its latest five-year targets, laying out a technological blueprint to vie for global influence with the U.S.
Chinese Premier Li Keqiang singled out key areas in which to achieve “major breakthroughs in core technologies,” including high-end semiconductors, operating systems, computer processors and cloud computing areas in which American firms now hold sway. Beijing will also aim to get 56% of the country on faster fifth-generation or 5G networks. Nationwide R&D spending will increase by more than 7% annually, which “is expected to account for a higher percentage of GDP” than during the previous five years, he added. ....

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China revs up grand chip ambitions to counter US blacklistings


(March 3): In just two decades, China sent people into space, built its own aircraft carrier and developed a stealth fighter jet. Now the world’s youngest superpower is setting out to prove its capabilities once more this time in semiconductors.
At stake is nothing less than the future of the world’s No. 2 economy. Beijing’s blueprint for chip supremacy is enshrined in a five-year economic vision to be unveiled during a summit of top leaders in the capital this week. It’s a multi-layered strategy both pragmatic and ambitious in scope, embracing aspirations to replace pivotal US suppliers and fend off Washington, while molding homegrown champions in emergent technologies. ....

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