Industry
China formalises 2030 semiconductor self-reliance strategy; Korean firms face benefits and threats
China has formalised a strategy to foster semiconductors and AI with state capital, including issuing 1.3 trillion yuan in ultra-long special bonds and investing more than 7 trillion yuan in power grids and AI computing infrastructure. It also raised budget spending and set targets for higher R&D outlays through 2026-2030. For South Korea’s chip industry, demand for advanced memory such as HBM may hold up in the near term, while China’s drive for integrated-circuit self-sufficiency could erode market share over time.
