The experience of the PRC in establishment of the “national champion” company – producer of the semiconductors in the 21st century
https://doi.org/10.28995/2782-2222-2025-3-94-115
Abstract
The article considers the experience of creating a national champion in the microelectronics industry – the Semiconductor Manufacturing International Corporation. The first part deals with such issues as: the history and conditions of the company’s emergence, the goals and objectives imposed by the state, and political support measures. The second part concerns the current economic situation according to key points of financial statements, the place and role in the current economy of the country, competitiveness on the global market in the current geopolitical conditions. Based on the analysis, the authors identified the following features in the development of the “national champion” company in the semiconductor manufacturing: close ties of the governmental officials with the company’s management; access to government supporting measures; the presence of experienced industry visionaries in the company’s management with a wide range of international partners. The authors also noted the vulnerabilities of such model, which must be taken into account and mitigated in the process of establishment and development of the “national champion”. The experience of the establishment and development of the SMIC proves the viability of the model applied by the PRC, and can be considered as the example of the successful industrial policy.
About the Authors
D. A. Potapov
Russian State University for the Humanities;
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Daniil A. Potapov, postgraduate student
bld. 6, Miusskaya Square, Moscow, 12504
bld. 36, Stremannyi Lane, Moscow, 117997
N. A. Krutov
Russian Academy of Sciences Institute of China and Modern Asia
Russian Federation
Russian Federation
Nikita A. Krutov, postgraduate student
bld. 32, Nakhimovskii Avenue, Moscow, 117997
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Review
For citations:
Potapov D.A., Krutov N.A. The experience of the PRC in establishment of the “national champion” company – producer of the semiconductors in the 21st century. Science and art of management. 2025;(3):94-115. (In Russ.) https://doi.org/10.28995/2782-2222-2025-3-94-115
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