A technician inspects the computer chip.
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Guangzhou, China — China’s tech sector has been rampant over the past year with tighter regulations, billions of dollars sweeping the market value of companies, and continued push from Beijing for technical self-sufficiency. I am.
These are one of the important themes covered in. CNBC’s annual East Tech West event It is located in the Nansha district of Guangzhou in southern China.
Here we will look at the biggest concerns and focus of China’s technology sector today.
It weighs heavily on Chinese internet names. For example, Alibaba’s stock has fallen 41% year-to-date.
Some questions are swirling:
- In what areas will China introduce more new regulations?
- Which company can you target next?
- What does that mean for the growth of China’s technology sector?
CNBC worked on some of these in a recent episode of the “Beyond the Valley” podcast below. Those conversations will continue at East Tech West.
Continued technological competition between the United States and China has added urgency to Beijing’s push for increased self-sufficiency across various disciplines. One of them is semiconductors, which are indispensable for everything from automobiles to mobile phones.
But China is having a hard time catching up with the United States and other countries. It is due to the complexity of semiconductor supply chains dominated by foreign companies.
A good example is the field of chip manufacturing.SMIC, China’s largest contract chip maker, A few years late TSMC in Taiwan and Samsung in South Korea. In fact, SMIC cannot manufacture the latest chips needed for state-of-the-art smartphones.
Faced with these hurdles, how China will boost the domestic tip industry is a major ongoing debate.
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The semiconductor industry is just one of many industries in which China is trying to increase its credibility.
inside that The 14th five-year development plan of this kindBeijing, announced earlier this year, said, “Making science and technology independence and self-improvement a strategic pillar of national development.”
The plan identifies areas that Beijing considers to be “frontier technology,” namely artificial intelligence (AI) and space travel.
When it comes to artificial intelligence, Chinese tech giants from Baidu to Tencent are investing heavily.
According to market research firm Canalis, about 1.1 million electric vehicles were sold in the first half of this year, about the same as they were sold in 2020 as a whole. China is the largest electric vehicle market in the world.
Its growth has attracted many new players with a tech background. Xiaomi, known for smartphones, Mass production of original electric vehicles in the first half of 2024While the search giant Baidu has Launch your own electric vehicle business With Chinese car maker Giri.
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Five major issues from regulation and EV to semiconductors
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