Summary of “Why Can’t China Make Semiconductors?”

Jack Ma says he’s ready for China to make semiconductors at home.
Semiconductors are the building blocks of electronics, found in everything from flip phones to the servers that make up a supercomputer.
Although China long ago mastered the art of making products with semiconductors produced elsewhere, it wants to move beyond being a mere assembler.
China is currently the world’s biggest chip market, but it manufactures only 16 percent of the semiconductors it uses domestically.
When the country reopened for business in the 1970s, officials quickly realized that semiconductors would be a key part of any future market-based economy.
Expensive efforts to build a domestic industry from scratch in the 1990s faltered due to bureaucracy, delays and a lack of customers for the kind of chips China was making.
By one accounting, China has made $34 billion in bids for U.S. semiconductor companies alone since 2015, yet completed only $4.4 billion in deals globally in that span.
Companies such as Shanghai-based Spreadtrum Communications Inc. are designing semiconductors for mobile phones and other technologies, then outsourcing production to foreign plants.

The orginal article.