I never really thought of it, but in my mind, in the background, there was still the idea that with the plethora of tech industries which exist, there was room for innovations to take place in our world.
There a statement in this video, which explain how it work, which is very accurate I think:
"The Flawed Assumptions Behind China’s Big Semiconductor Fund". It's around 12:15.
There a statement in this video, which explain how it work, which is very accurate I think:
Here is the thing about the advanced semiconductor manufacturing value chain. It is not only extremely geographically distributed, but also unusually integrated. Its various companies have been working together for decades. And as a result, it is rather closed and a little clannish. Many times, the industry's entire technical trajectory is determined in a few closed door councils between 1-2 company representatives.
"The Flawed Assumptions Behind China’s Big Semiconductor Fund". It's around 12:15.