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1. The Chinese government is preparing to spend $25 billion on wafer fabs to boost domestic chip manufacturing over the next five years. China’s chip industry had stumbled during the recession. So this is an effort to revive growth.
In 2009 Mainland China produced 40 billion ICs, which accounted for 25.1 percent of domestic demand. In comparison, Mainland China produced only 20.9 percent of its requirements in 2003, according to the analysis company. The Information Network now expects domestic production to account for 27.1 percent of domestic demand in 2010 and climb to 29.0 percent, 30.8 percent and 33.4 in the succeeding years as spending is ramped dramatically in China.
2. Four AP1000 reactors are officially under construction in China after the pouring of first concrete for Haiyang 2.
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Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.