China's biggest chipmaker is still years behind its global rivals

Semiconductor Manufacturing International Corporation , China's largest contract chipmaker, is behind rivals when it comes to technology, analysts say.But SMIC's chip technology is several years behind bigger competitor Taiwan Semiconductor Manufacturing Company .

Hong Kong-listed Semiconductor Manufacturing International Corporation is a chip foundry. It makes chips that are designed by other companies and rivals the likes of Samsung andThe Chinese government has made semiconductors a key pillar of its so-called Made In China 2025 plan, an initiative to boost the production of higher value products. China aims to produce 70% of the semiconductors it uses by 2025, and that drive is backed by billions of dollars of investment by the government.

The reason for that view has to do with the type of chip that SMIC is only just beginning to manufacture. That is a so-called 14 nanometer chip. That designation refers to the size of the chip and it's something both Samsung and TSMC have been making for a number of years. Both firms are now manufacturing 7nm chips, which are essentially smaller and more powerful.

Semiconductors require a large amount of investment, the right talent and expertise to make. Chinese companies will need to overcome some of those hurdles in order to challenge rivals in other countries.But some analysts say SMIC can catch up with its competitors thanks to a number of factors. One reason, according to China Renaissance, is that the pace at which chips are shrinking is slowing, which will allow SMIC to narrow the gap.

Source: Financial Digest (financialdigest.net)

Do not be fooled China will find a way to rapidly catch up.

Don't worry, they will keep stealing American technology until they catch up. China ChinaUSTrade

China....is behind in everything....sorry

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