THE SEMICONDUCTOR INDUSTRY IN CHINA: COMPETITION WITH THE UNITED STATES FOR MARKET DOMINANCE AND ADVANCEMENT.

Abstract

The semiconductor industry has become a hot potato in the ongoing global economic conflict, which centres on the US-China relationship. At issue in this conflict is the status of territory inside the United States. This article looks at the economic domination, technological progress, and geopolitical ambitions of the two nations as lenses through which to view their competition. To put it simply, semiconductors are essential to all modern electrical gadgets. These batteries have the potential to power a vast array of electrical equipment, ranging from simple household appliances to advanced military weapons. This is why they need to keep a close eye on the semiconductor industry's supply networks and production procedures. This is very important for the growth of the economy and national security. For this reason, they must vigilantly monitor the supply networks and manufacturing processes of the semiconductor sector. In terms of national security and GDP development, this is crucial. The wide variety of possible applications for semiconductors is a key factor in this. One important component in this is the vast array of potential uses for semiconductors. China has been working hard to achieve its aim of becoming a leading participant in the semiconductor business. The Chinese government has so far allocated large sums of money to programs like "Made in China 2025" and to bolstering the nation's ability to manufacture semiconductors. Political action, supply chain security, and global connectivity are additional factors to think about. This outcome is the product of extensive investigation. It is possible to arrive to this conclusion right now. The main goal of the project is to provide academics, legislators, and industry insiders a better understanding of how changing global economic and technological power affects semiconductor competitiveness. It aims to fill up knowledge gaps in this area. The goal of the research is to provide these individuals with a comprehensive review.