>Even after becoming the world's largest panel maker, the company continues to lean heavily on government subsidies. In 2019, BOE received $400 million in subsidies from various Chinese local and provincial governments. Per Chinese sources, from 2010 to 2019, they took in over $1.7 billion of subsidies - constituting over 50% of their net profit during this time.
This is why legislation such as the CHIPS Act should not be seen as corporate welfare but rather as leveling the playing field.
This is why legislation such as the CHIPS Act should not be seen as corporate welfare but rather as leveling the playing field.