Money isn't really an issue for China, but the country does lack experience:
It won’t be a lack of funds that will get in the country’s way, said Handy. The key hurdle is that China’s never done it before. “They don’t have any sophistication from the standpoint of manufacturing capabilities and that’s [an area where] they have got a lot of learning to do.” While the country is recruiting talent to get up to speed, he said — particularly from Taiwan and Korea at inflated salaries — “generally these are people who have never worked together in a team before. There’s likely to be some difficulty for them to make things happen expeditiously.”China aims to make 40 percent of the chips consumed in China by 2020 and 70 percent by 2025. These aggressive goals are up from 20 percent in 2015.