In recent years, data, robotics, AI, chips, and other high-tech industries have become the most competitive battlefield amongst the world’s countries, and China is no exception. Because of their own lack of local talents, Beijing used its greatest asset: money, to acquire many of the world’s leading technology industries. Today, we will look at their methods and ultimate goals in doing so.

In July of this year, Nexperia, a Dutch chip firm under Chinese semiconductor company Wingtech, confirmed that it would acquire Newport Wafer Fab (NWF), the UK’s largest chipmaker, raising a lot of concerns in the UK.

The use of “debt-trap” to achieve acquisitions is also common in countries targeted by the CCP’s Belt and Road Initiative. For example, China will support infrastructure projects in foreign countries, but when they fail to repay the debt, their assets are seized by the Chinese firms.

China has also spared no effort in the acquisition of global energy resources. China has a large stake in Portugal’s oil and gas and electricity networks, as well as in half of Belgium’s natural gas and electricity networks. The most typical example is China’s control of the Australian power grid.

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