'China will never trust the United States again, and it will achieve its technology independence within seven years,' said David Roche, Independent Strategy's president and global strategist.
to gauge their exposure to American suppliers, and also ramping up development in its own tech industry.. Under the government-led Made in China 2025 initiative, the country aims to produce 40% of its semiconductors by 2020, and 70% by 2025.
Currently, only 16% of the semiconductors used in China are produced domestically, according to a February report from theRoche predicted that the end of the trade war is not in sight, though talks are slated to resume in October."It is a conflict between a rising global power and a declining global power ... It's not just about trade. It's about technology, it's about the free flow of ideas, it is rapidly becoming about the free flow of individuals," Roche said.
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