A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 163 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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“Made in China 2025”: How Beijing is boosting its semiconductor industry

As part of the «Made in China 2025» plan, the Chinese government has set its semiconductor industry a goal of reaching US$305 billion in output by 2030, and meeting 80 per cent of domestic demand. To compare, in 2016, China produced US$65 billion worth of semiconductors and supplied 33 per cent of the domestic market.

Semiconductors are essential to all electronic equipment, including smartphones, computers, cars, industrial robots, and military and aerospace equipment. The authors of the article differentiate between two production models: a) the Integrated Device Manufacturer (IDM) model, when a single firm carries out all of the production stages: design, manufacturing, assembly, testing and packaging; and b) the Fabless-Foundry model, when the production process is split among companies. Due to the current global division of labour, the making of a semiconductor usually involves several countries. The value chain has become increasingly dispersed across the world: most IDMs and design («fabless») firms are based in the US and South Korea, while foundries (manufacturing companies) and OSAT (Outsourced Semiconductor Assembly and Test) firms are concentrated in Taiwan and China.

The design work is currently the fastest-growing segment of the Chinese semiconductor industry. The sector’s distinguishing feature is the concentration of production sites in the economically more advanced eastern regions of the country.

As for global consumption, China now consumes more than half of the world’s chips. The country’s surging demand for chips in the past two decades has fuelled the growth of the global semiconductor market.

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