China will spend big to fix semiconductor dependence as they imported $260 billion in chips versus $162 billion in oil
China imported US$260 billion worth of semiconductors in 2017, more than its $162 billion imports of crude oil. Chinese-made chips made up less than 20% of domestic demand in the same year, according to the China Semiconductor Industry Association. As part of a massive push to lower foreign semiconductor dependence China will be spending tens …