Massive corruption consumed hundreds of billions of dollars in Chinese semiconductor subsidies, with concessional loans, free land, and subsidized electricity provided to facilities and fabrication plants that were never actually built, with money disappearing into opaque channels, as documented in scandals reported even in the Chinese press.
factualpending
Speaker
Glenn TiffertEvidence Quote
“vast epic scale corruption with hundreds of billions of dollars in either absolute subsidies or indirect subsidies like concessional loans free land subsidized electricity rates...they were promised facilities and Fabs that that tens of billions of dollars were directed towards that were never built”
Created: 8/10/2026, 11:07:41 PM
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