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Manufacturing

China’s chip sector has the money now. But where are the workers?

A new group of companies flush with cash are in the midst of a massive tussle for a limited pool of talent. That, in turn, is thwarting Beijing’s plans to develop a homegrown chip industry to offset growing US antagonism towards the nation’s few world-class players in the sector, like Huawei.
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22 Sep 2020 5 Mins Read 0 comment
The headquarters of Semiconductor Manufacturing International Corporation (SMIC) Getty Images
The headquarters of Semiconductor Manufacturing International Corporation (SMIC)
By Mo Yelin What do you get when you dump hundreds of billions of dollars in government and private investor cash into a limited labor market with the aim of building a world-class microchip sector from scratch? A paradise for workers, perhaps, but also a mess. That’s what’s shaping up in China, where a new group of companies
starting production. Four years after its establishment, the local government revealed in July that the project now faces a whopping 112 billion yuan cash shortfall. The project had previously built up a team including nearly 100 chip talents by poaching from Taiwan — some or all of whom could now lose their jobs. ( Source: Caixin Global)
By Mo Yelin What do you get when you dump hundreds of billions of dollars in government and private investor cash into a limited labor market with the aim of building a world-class microchip sector from scratch? A paradise for workers, perhaps, but also a mess. That’s what’s shaping up in China, where a new group of companies starting production. Four years after its establishment, the local government revealed in July that the project now faces a whopping 112 billion yuan cash shortfall. The project had previously built up a team including nearly 100 chip talents by poaching from Taiwan — some or all of whom could now lose their jobs. ( Source: Caixin Global)

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