If industrial policy is uninspired, it might as well be cheap
Huawei's annual R&D budget is US$38 billion.
The Chinese Government spends 4x more on R&D, PPP, than the USA.
Britain needs to build on its native strengths. Fabs, especially without help from China, are out of reach.
Huawei's annual R&D budget is US$38 billion.
The Chinese Government spends 4x more on R&D, PPP, than the USA.
Britain needs to build on its native strengths. Fabs, especially without help from China, are out of reach.