# Market Regulation

China’s Semiconductor Sovereignty: SMIC Surges as Beijing Bets Big on Open-Source RISC-V

SMIC has reported a significant 36% profit growth as China accelerates its domestic chip production, while the Chinese Academy of Sciences pivots toward open-source RISC-V architecture to ensure technological sovereignty. Simultaneously, regulators are moving to curb 'involutionary' price wars to stabilize the profit margins of Chinese tech giants going abroad.