While the US demand guarantees of final customer (of their chips) not to be in their sanction list, China may now have to demand the Israelis of no-American techs or licenses in their chips to China. Reminds me of the AWAC.
Spotlight: Israeli semiconductor firms see ample opportunities of cooperating with Chinese partners
Source: Xinhua| 2018-05-02 23:39:22|Editor: Mu Xuequan
by Xinhua writers Chen Wenxian, Wang Bowen
JERUSALEM, May 2 (Xinhua) -- Experts and companies from Israeli semiconductor industry said they see a lot of opportunities of working with Chinese partners in the sector.
"I believe that there are a lot of opportunities that Chinese companies can work with Israeli ones in the semiconductor sector," said Sol Gradman, general chair of the Chipex2018, an annual event of the Israeli microelectronics industry.
Gradman cited that Israel, with a new generation of technologies, is looking at future applications such as automotive applications, medical devices and for Internet of Things.
ChipEx2018, held Tuesday in Tel Aviv, the coastal city and the economic hub of Israel, was attended by major semiconductor companies from Israel and abroad.
Exhibitors presented their latest technological innovations of chips and related products and solutions, and even their ambitions of future direction of the industry.
Some exhibitors said they had already close business cooperation with Chinese companies, some of which have already opened innovation and R&D centers in Israel over the past years.
"We're super excited about being a part of helping grow China's semiconductor market," said Mark Granger, vice president of Global Foundries, a semiconductor foundry providing combination of design, development, and fabrication services.
Global Foundries has partnered with the local government in Chengdu, capital of southwestern China's Sichuan Province, to build a 300mm fabrication facility.
"China is such a huge and growing developer of products and solutions that it makes sense to have a very vibrant or large semiconductor industry," Granger told Xinhua.
"That's exactly why we're building the local Chinese semiconductor fabrication facility," Granger said.
Granger added that many innovative things are coming out of China in the chip design and development, and will continue to grow into a big market.
The experts at the Chipex2018 also viewed artificial intelligence and machine learning as the basic elements of the future development of the semiconductor industry.
However, one big challenge to further pushing forward the technological innovation of the semiconductor industry is the need for huge investment, they said.
Thus, it is necessary to increase global investment for the development of the semiconductor industry, they added.
"It makes sense to have a global environment and one of very free and open trade," Granger said.
Trade War with China
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While the US demand guarantees of final customer (of their chips) not to be in their sanction list, China may now have to demand the Israelis of no-American techs or licenses in their chips to China. Reminds me of the AWAC.
Well, there is always the "China approach," which was showing great promises at the time. The China approach would be the more gradual approach, retaining the vast majority of the state-owned enterprises initially while allowing private enterprises to form and prosper. The key here is that you need to cultivate and grow the market and the market players - private business owners and business managers in all enterprises - first. It takes time because neither of which existed in Mao's China or former Soviet Union.
In contrast, the architects of the "shock therapy" believe that market can be created overnight, in a big bang, and former foot-soldiers and citizens of a command economy will learn instantly how to swim in the ocean of the capitalist market by instinct without being drowned. We all know what had happened afterwards, by now.
The Russians and their American advisors were both naive and ignorant bunch. The Russians, never a people with commercial acumen, had been operating under a centrally-planned command economy for over seventy years and had no clue of how markets work; the Americans, having lived in a very successfully capitalist society for centuries, had no idea what it is like for people or nation never exposed to modern market economy. When they joined hands, chaos and disaster occurred, not surprisingly, even though they may all have good intentions.
By the way, the US and the West also don't understand much about development economies, their corresponding development stages having long preceded them and the circumstances were quite different from today's world in any case. That's why China is most experienced in transition economy and development economy.
kwaigonegin
Colonel
I think to put it simply, the powers to be did not think the China approach would work in post USSR for the simple reason that the USSR is not China.
It's more like they did not understand the China approach entirely.
Hendrik_2000
Lieutenant General
It does not say anything don't expect China to cave in on "made in china 2025 intitiative" They might lower tariff on selected item like car which is good. Since Chinese auto industry need to stand on its own and wean off from dependency on their partner. Beside most American and European car already has plant in china. It is sunset industry anyway in 20 years those conventional car will be gone.
Opening financial sector is alos good as it provide competition to the state bank who dominate everything to the detrimental of saver (low interest)
They have been talking about those 2 deregulation for years but never implemented due to opposition of the vested interest. so it is not concession as this Orlik guy said
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hehe, we have to give Trump a ladder to climb down from his high horse, don't we?
A ladder is just some nice-sounding words which means nothing substantial. If people in Washington want it, so let them have it.I agree with the Car industry as China has reached a point similar like SK cars, that is having a strong position to survive but no way to surpass the fame and prestige of the German brands before the inevitable downfall of the conventional cars.
But I am still skeptical of the financial sector after seeing the damage in the EU and US during the crisis. However, I do see some of the faulty practice among the Chinese banks (too much linked to local government to support some inefficient projects) , so I agree that some professional foreign experiences are good to get in. My concern is that these foreign banks are not going to carry out social responsibilities directed by the state which the Chinese banks carries out (regardless their other short-comings). The opening should be tightly controlled and limited.
Jura The idiot
General
The damage in the financial crisis was a result of lax rules and oversight by regulators, China should ensure it's rules and monitoring mechanisms are ready before granting banking and trading licences. There's plenty of good practice nearer to home, the HKMA for instance.
There is a belief that China's banking system under serves it's SMEs, hence the large pools of "dark" unregulated lending, so money to be made! Whilst the US likes to think its got "expertise" and a liberalised FS environment will favour them, there are lots of "foreign" banks and institutions with deeper ties and understanding of China liberalising a sector may not necessarily do as much for the US as they like to believe.
Companies are commercial entities, the orthodox way of "carrying out social responsibilities" is for government to tax those entities and redistribute the proceeds, tinkering with domestic banks' balance sheets is an expedient short cut but just makes life difficult for the management of those institutions.
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