In the early 2000s, China adopted an economic development model based on low-wage manufacturing that has led to the perception of poor-quality goods with the “Made in China” label. In recent years, Beijing is making changes: to bolster the competitiveness of its domestic companies and to catch up with high-tech development in the West.
One area that Beijing is keen on improving is semiconductor manufacturing. Semiconductor chips power nearly all electronic devices, from computers, smartphones, to ballistic missiles.
