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That’s because they are serious about it. Chip fabrication will likely determine the victor of the next 25 years in world politics.
But they are buying mature-node equipment, says the article. That doesn’t mean shit other then more cloning and counterfeiting.
China started their high-speed rail network by buying German trains, today their trains are faster than Germany’s and their rail network is more extensive and cheaper.
They’re investing in education, every step of the supply chain, and their chip companies, and bringing in foreign experts and equipment to fill in any gaps. That’s how you get an advanced semiconductor industry.