Trade Dispute and Industrial Policy: The Case of the U.S.-China Chip War
Yongshin Kim [Assistant Professor, Inha University]
► since the U.S.-China strategic competition evolved into a tech race, China's industrial policy no longer presents a clear message to the outside world, especially in sectors where there is fierce competition between the U.S. and China
► the Chinese government launched the third phase of its semiconductor Big Fund for 300 billion yuan ($41 billion) ... it appears that China's central government is accelerating the establishment of a Chinese company-centered semiconductor ecosystem by expanding support for semiconductor equipment companies
► it is likely that China will actively request Korean companies to fill the gaps that cannot be filled by Chinese companies; however, it is important to remember that China's ultimate goal is to establish its own self-sufficient ecosystem centered on Chinese companies through import substitution
