In an article in the Week, Pranay Kotasthane was quoted on China’s semiconductor industry’s prospects.
On China’s position in the semiconductor value chain, he said:
Assembly and testing is right up Beijing’s alley. China’s SMIC (Semiconductor Manufacturing International Corporation) could have caught up in chip fabrication, had the US not categorised China as a strategic adversary. But now China has to develop their own stack. With its Chip Fund, China is putting a lot of resources into it; but again, that requires technology transfer and cooperation with US companies.”