The Dilemma and Countermeasures of The Value Chain of China's Semiconductor Industry

Semiconductors are the core components of the digital economy, the hub of all digital products and future technologies, and the basic technical support for defense, communications, big data, artificial intelligence (AI) and other industries. As the most thorough and comprehensive industry in globalization, the semiconductor industry contains all the attributes and elements in the global value chain. The close division and cooperation of its global industrial chain is a typical case of the global specialization cooperation division mode. This paper systematically examines the dilemma of China's semiconductor value chain, and puts forward specific policy suggestions for China. China should further promote the transformation of technology application achievements, smooth the domestic and international trade cycle, and expand international semiconductor coordination and cooperation, to enhance the competitiveness of its semiconductor industry and gradually enhance the toughness of the supply chain of the semiconductor industry.