Why China Wants U.S. Memory Chip Technology -- And What Washington Is Doing About It

Semiconductors have been China’s biggest import for the past decade. The country buys about half of the world’s supply, but produces only about 15%, according to a report by Bain & Company, representing the biggest gap in the country’s trade deficits.

“Global market share is not something that can be reliably captured through deep pockets and long patience,” said Kevin Meehan, a partner with Bain. “To close the gap, China will need to work in tandem with established international players.”