Share this on Twitter Share this on Facebook Share this on LinkedIn Share this on Sina Weibo Share this on Wechat Share this on LinkedIn Semiconductor research scientists at IBM Credit: Connie Zhou, Creative Commons $1.4 trillion dollars. That’s the investment price tag the Chinese government has committed to paying to develop its domestic semiconductor industry in the next five years. This attempt to achieve self-reliance in semiconductors, which power much of the global economy, is not just a strategic objective but an existential imperative. Multiple rounds of U.S. sanctions are threatening to crippled China’s tech sector, forcing national champions like Huawei to charter planes to bring back as many chips as possible from its main supplier, the Taiwan Semiconductor Manufacturing Company (TSMC), before access officially closes off. But what can money actually buy in the world of semiconductors? Not much, if spent on the wrong people, doing the wrong thing, with the wrong timeline. The full lifecycle of a chip is complex, but it can be roughly broken down into four stages: acquire raw material, design chips, marry the design to manufacturing capabilities and produce at scaSubscribe or login to read the rest. Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.