China's current semiconductor development environment is very chaotic! If this problem remains unresolved, China's semiconductors will stay in the cold winter forever. In fact, in order to solve stranglehold technologies, the Chinese government has been working so hard over the years and investing hundreds of billions of yuan to drag semiconductor industry out of the mud. However, the Chinese government chose the wrong people.

November 2021, Gao Songtao, former vice president of Sino IC Capital, was suspected to be involved in insider trading of listed chip companies and taken away for investigation. In mid-July 2022, a number of senior leaders from National Integrated Circuit Industry Fund were taken away for investigation, only then did China government realize that the large fund they established to break through the technological blockade of Europe and the United States and realize independent chip production has become a platform full of corruption.

In today's video, let's talk about how the Chinese government destroyed its own semiconductor industry? Why is it so difficult for China's semiconductor industry to surpass Europe and the United States? I mean, why is China's speed failing in semiconductor development? OK, that and more is exactly what we are going to talk about. Let’s get started!