# State Capitalism
Latest news and articles about State Capitalism
Total: 2 articles found
The Silicon Heartland: How State Capitalism Is Minting Billionaires in China’s Memory Chip Sector
China's two primary memory chip manufacturers, CXMT and YMTC, are heading toward IPOs after years of massive state-backed investment. Their success marks a shift in the global semiconductor landscape and highlights the effectiveness of the 'Hefei Model' in fostering strategic high-tech industries through local government support.
The Hefei Model: How China’s ‘Venture Capital City’ Bet on Chips and Won Big
Hefei is set to reap a historic windfall from the IPO of chipmaker Changxin Technology, validating its 'venture capital' approach to industrial policy. The city’s strategic state-led investments in semiconductors, displays, and EVs have propelled it into the ranks of China's megacities while creating a new blueprint for state-led economic development.