Bloomberg reported that China is preparing to formulate a comprehensive set of new policies. It will invest 9.5 trillion yuan (US$1.4 trillion) to develop its own semiconductor industry by 2025 in response to the restrictions imposed by the Trump administration.
According to the news: Chinese senior leaders will meet in October to formulate economic strategies for the next five years, fully develop the third-generation semiconductor industry, and provide support in scientific research, education, and financing. The relevant measures have been included in the National People’s Republic of China. Outline of the Fourteenth Five-Year Plan for Economic and Social Development.