Abstract
Semiconductor design and manufacturing capabilities have become a significant indicator to measure a country's scientific and technological level. Currently, China's semiconductor industry is experiencing accelerated growth, but it still faces challenges such as low localization rates, inadequate long-term industry support and investment, limited independent innovation by enterprises, weak upstream and downstream collaboration, and insufficient talent cultivation and incentive mechanisms. This paper will carefully analyze the developmental traits of the worldwide semiconductor industry as well as its foremost enterprises, investigate the model of global specialization, and propose pertinent developmental suggestions concerning the crucial challenges confronting the domestic semiconductor industry at present.
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