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Zero Hedge — China To Pursue Domestic Chip-Making With ‘Same Priority As Atomic Capability’ Amid Trump Restrictions

Summary:
The cost of financing capital to the state is zero and there is no financial constraint on the amount. The issue is availability of real resources — chiefly state of the art chip engineers — and this is the limitation that China has to overcome. Cost is not an object and the Chinese leadership seems to get this. No talk of "affordability." China is hiring and pay "what it takes." Oh, and AI, too.Zero HedgeChina To Pursue Domestic Chip-Making With 'Same Priority As Atomic Capability' Amid Trump Restrictions Tyler Durden

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The cost of financing capital to the state is zero and there is no financial constraint on the amount. The issue is availability of real resources — chiefly state of the art chip engineers — and this is the limitation that China has to overcome. Cost is not an object and the Chinese leadership seems to get this. No talk of "affordability." China is hiring and pay "what it takes." Oh, and AI, too.

Zero Hedge
China To Pursue Domestic Chip-Making With 'Same Priority As Atomic Capability' Amid Trump Restrictions

Tyler Durden
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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