Top 5 issues from regulation and electric vehicles to semiconductors

Read Time:2 Minute, 41 Second


Technologists examine computer chips.

Sefa Ozell | E+ | Getty Images

Guangzhou, China – In the past year, China’s technology industry has gone through a crazy journey, with tighter regulations, the evaporation of multi-billion-dollar company market value, and Beijing’s continuous push for technological self-sufficiency.

These are one of the important themes to be discussed at CNBC’s annual East Tech West event in Nansha District, Guangzhou, southern China.

The following are the most concerned issues and focuses of the current Chinese technology industry.

China’s technological suppression

This has severely affected China’s Internet names. For example, Alibaba’s stock price has fallen 41% so far this year.

Several questions are circling:

  • In which areas will China introduce more new regulations?
  • Which companies can be the next target?
  • What does this mean for the growth of China’s technology industry?

CNBC addressed some of these issues in the latest episode of the “Beyond the Valley” podcast below. These conversations will continue at East Tech West.

semiconductor

The continued technological competition between China and the United States has exacerbated the urgency for Beijing to promote self-sufficiency in various fields. One of them is semiconductors, which are vital to everything from cars to mobile phones.

But China is trying to catch up with the United States and other countries because of the complexity of the semiconductor supply chain dominated by foreign companies.

A good example is the field of chip manufacturing. SMIC is China’s largest foundry chip manufacturer, lagging behind Taiwan TSMC and South Korea’s Samsung for several years. SMIC is actually unable to manufacture the latest cutting-edge chips required for leading smart phones.

Foreign companies dominate the most advanced tools and equipment needed to manufacture high-end chips. US sanctions have prevented China from obtaining some of these tools. Chinese companies cannot compete.

In the face of these obstacles, how China will develop the domestic chip industry is a continuing major debate.

“advanced technology

The semiconductor industry is just one of many industries that China is trying to improve its credibility.

In the 14th Five-Year Development Plan released earlier this year, Beijing stated that it would “reinforce technological self-reliance as a strategic pillar of national development”.

The plan identifies areas that Beijing sees as “frontier technologies”—artificial intelligence (AI) and space travel.

China has made significant progress in space, including the launch of its own space station. It ambitiously sends its first manned mission to Mars in 2033.

In terms of artificial intelligence, Chinese technology giants from Baidu to Tencent are investing heavily.

electric car

According to market research company Canalys, sales of electric vehicles in the first half of this year were approximately 1.1 million, almost as much as the full-year sales of 2020. China is the world’s largest electric vehicle market.

This growth has attracted many new players with a technical background. Xiaomi, known for its smartphones, is expected to mass produce its own electric cars in the first half of 2024, while search giant Baidu has established its own electric car business with Chinese automaker Geely.

China’s economic slowdown


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