A New Crossroads

‘Assuming that major players in the global semiconductor industry all have established a fully self-sufficient local supply chain, it will push up the overall prices of their products by 35 to 65 percent. And that will ultimately lead to higher sales prices to consumers, thus hurting the overall economic development,” Zhao Bin, Senior Vice President of Qualcomm, said at the Seventh China and Globalization Forum in Beijing on July 30. “Therefore, this industry is in high need of global cooperation.”

This is just one specific case showcasing the vital importance of globalization, a hot topic