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krisi
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CEO
$10B
krisi   3/25/2014 10:51:25 AM
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You got to be impressed with China long term thinking...

junko.yoshida
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Blogger
Re: $10B
junko.yoshida   3/25/2014 10:54:52 AM
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I know, Kris. The bigger issue, though, is if they can pull that off effectively with transparency. That won't be easy.

krisi
User Rank
CEO
Re: $10B
krisi   3/25/2014 11:00:15 AM
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Why is transparency an issue Junko?

junko.yoshida
User Rank
Blogger
Re: $10B
junko.yoshida   3/25/2014 11:09:52 AM
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Well, Kris, as I noted in the story, whenever local governments and bureaucrats are involved, there are often corruption issues.

This is how it was explained to me -- in terms of how corruptions could occur.

 

You [local government officials or whoever in the position to distribute the money] do a favor to someone you know by enabling investment. In return, you feel you are entitled to pocket some money from the deal, because you enabled it! And if there more deals to be made, there will be more opportunities for you to profit from it.

Hopefully, this idea of "set up a fund and let professional investors place bets" would work. 

 

krisi
User Rank
CEO
Re: $10B
krisi   3/25/2014 11:15:23 AM
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Corruption exists everywhere, including USA or Canada where I live...it just looks different on both sides of the Pacific ocean...Kris

junko.yoshida
User Rank
Blogger
Re: $10B
junko.yoshida   3/25/2014 11:29:17 AM
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Very true, Kris. But $10B per year? That's a lot of money to play with.

krisi
User Rank
CEO
Re: $10B
krisi   3/25/2014 11:35:38 AM
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Not really...Canada's oil industry or US military contracts are much larger than that...even Macao's casino gambling business is 3x that ;-)...I am sure major part of that $10B will end up in silicon

wilber_xbox
User Rank
Manager
Re: $10B
wilber_xbox   3/25/2014 12:04:00 PM
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Junko, i am also not convinced that China will be spending $10B per year for 5-10 years. Its just too much given the spending of others in Semiconductor, but if China is serious about spending whatever money to develop ecosystem for Semiconductor then its good for overall industry as you have rightly mentioned a quote in the article that semiconductor is base for all the electronic development.

wilber_xbox
User Rank
Manager
Re: $10B
wilber_xbox   3/25/2014 12:06:00 PM
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Kris, even our Abu Dhabi based oil barron are not spending that much money in semiconductor after starting with a bang. 

junko.yoshida
User Rank
Blogger
Re: $10B
junko.yoshida   3/25/2014 12:16:59 PM
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@wilber_xbox, China's $10B per year investment, if true, will blow everyone out of the water. It is really off the chart.

But at a time when chip vendors struggle to get VCs' attention in Silicon Valley and the general public seems to be taking the advancements of chips for granted, China's interest in semiconductors is a blessing to this industry, I must say. 

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