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The US Economy Will Pay the Price for Trump's Attacks on Universities

The US Economy Will Pay the Price for Trump's Attacks on Universities

Bloomberg09-05-2025

When Chinese scientists forged their first integrated circuit in 1965, the country's fledgling chip industry was only about five years behind the US. Just a decade later, however, China's chip sector had fallen far behind Silicon Valley — and behind its Asian neighbors, as Chris Miller noted in his 2022 book Chip Wars. By the mid-1970s, Intel had invented microprocessors, Japan was dominating the global memory market, and the chip industry was pulling peasants out of the fields in South Korea, Singapore and Taiwan. Yet out of every 1,000 semiconductors produced in China, 'only one is up to standard,' a Communist Party official complained at the time.
What had happened in that intervening decade was the Cultural Revolution, when Mao Zedong effectively declared war on China's educated elites. The Communist Party chairman argued that expertise was a source of privilege that undermined socialist equality. Thousands of scientists and experts were sent to work as farmers in destitute villages; many others were simply killed.

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By country, segmentation includes China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific, with China leading the market share in 2023. Reasons to Buy: Streamline research efforts by identifying market growth, size, leading players, and segments. Align business strategies with key industry priorities for optimal results. Leverage critical findings and trends to develop long-term industry strategies. Explore significant growth opportunities in both developed and emerging markets. Examine in-depth market trends and the driving and restraining forces for informed decision making. Enhance strategic decisions on products, segmentation, pricing, and distribution by understanding underlying commercial interests. Key Topics Covered 1. Introduction 1.1 Report Guidance 1.2 Market Segmentation 2. Executive Summary 2.1 Key Insights 2.2 Market Attractiveness 3. Research Methodology 3.1 Secondary Research 3.2 Primary Research 4. 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Industry Landscape 11.1 Overview 11.2 Market Initiatives11.3 Product Developments11.4 Expansions11.5 Partnerships and Collaborations12. Company Profiles 12.1 Verizon Communications Inc.12.2 Huawei Technologies Co. Ltd.12.3 Telefonaktiebolaget LM Ericsson 12.4 Nokia Corp.12.5 Samsung Electronics Co. Ltd.12.6 ZTE Corp.12.7 Vodafone Group PLC12.8 Orange SA 12.9 Deutsche Telekom AG 12.10 China Mobile Limited For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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