Commentary: Semiconductors Deserve Long-Term Investment in Beijing’s Push for Self-Sufficiency

The value of the global semiconductor industry is projected to reach a record high of $1 trillion in 2026. At the same time, China’s chip industry will continue to thrive this year, with its value likely to grow at a rate of 20%. Despite these optimistic estimates, many venture capitalists in China are stepping back from semiconductors to invest more in technologies including nuclear fusion, commercial aerospace and robotics. That shift may prove wrong.