China is racing against time to establish its own technological intellectual property, particularly in the semiconductor industry. The moves come amid growing pressure on Chinese tech companies overseas, underscored by the recent arrest of Huawei CFO Meng Wanzhou and punitive measures by the US on Huawei rival ZTE.

This time around, China appears to be taking a more discreet approach, pursuing more low-profile strategies rather than eye-popping, state-led partnership initiatives such as the National Integrated Circuit (IC) Industry Investment Fund, which was set up in 2014 and raised RMB 138.7 billion ($20.1 billion) in its initial phase.

“Sino-US tensions are pushing China into a corner,” the head of an integrated circuit trading company told TechNode, requesting anonymity because of the sensitivity of the topic. As a result, he said, there’s been a shift in policies at both national and local levels where greater emphasis is being placed on investing in the semiconductor industry. “We are seeing increasing integration of government budget and private money in good projects,” he added.

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Runhua Zhao

Runhua Zhao is a technology reporter based in Beijing. Connect with her via email: runhuazhao@technode.com