On the face of it, the amount of attention that China’s semiconductor sector is getting seems unwarranted for a sector which typically has low profit margins and high costs. But upon closer look, the logic behind recent investments in the sector- which have come mostly from the government and state-owned companies- may be more strategic. The most recent evidence of this came with news on Tuesday that China’s sovereign wealth fund has invested in state-owned Semiconductor Manufacturing International Corporation (SMIC).
表面上看，中國半導體行業目前的受關注程度似乎不可理喻——通常而言，半導體行業屬于低利潤率、高成本的行業。不過，深入觀察就可以發現，在中國半導體行業近期獲得的投資——主要來自政府和國有企業——背后，可能隱藏著更具戰略性的緣由。周二有關中國主權財富基金投資國有的中芯國際集成電路制造有限公司(SMIC)的消息，就是這方面的最新例證。
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