Thursday, August 24, 2023

"China Offering Millions to Foreign-Trained Chip, Tech Talents"

The failure of the Chinese communist* party and government to develop a competitive home-grown chip industry is the biggest hole in the mercantilist, IP-theft-as-a-Service business model.
*I highlight the "communist" because last night a young person who saw the Republicans debate each other asked when the next Chinese election would be.

Ummm...they don't have elections in China.

Back to business. From Asia Financial, August 24:

Beijing quietly launched a new initiative to lure elite foreign-educated IT and chip talents to accelerate its tech proficiency, sources and government documents reveal

China has continued promoting a lavishly funded programme that seeks to lure graduates from elite Western universities to bolster its push for technological supremacy.

For a decade up to 2018, China sought to recruit top foreign-trained scientists under the Thousand Talents Plan (TTP), which Washington viewed as a threat to US’ interests.

But two years after it stopped promoting TTP – after US investigations of scientists, China quietly revived the initiative under a new name and format as part of a broader mission to accelerate its tech proficiency, according to three sources and a review of over 500 government documents spanning 2019 to 2023.

The revamped recruitment drive, reported in detail by Reuters for the first time, offers perks including home-purchase subsidies and typical signing bonuses of 3 million yuan to 5 million yuan, or $420,000 to $700,000, the three people said.

China operates many talent programmes at various levels of government, targeting a mix of overseas Chinese and foreign experts.

The primary replacement for TTP is a programme called Qiming (Enlightenment) overseen by the Ministry of Industry and Information Technology, according to national and local policy documents, online recruitment advertisements and a person with direct knowledge of the matter who, as with others, spoke on the condition of anonymity because of the issue’s sensitivity....

....MUCH MORE, they go deep on an important story.

Meanwhile, at the Wall Street Journal, August 14:

The $900,000 AI Job Is Here
Salaries rise as employers such as Netflix and Walmart seek candidates with artificial-intelligence skills