China has spent billions of dollars in recent years trying to catch up with the world’s most advanced semiconductor manufacturers. Two casting projects, led by a lesser-known entrepreneur in their thirties, help show why China hasn’t been successful yet. Projects in Wuhan and Jinan, China, were to mass-produce semiconductors that were nearly as complex as the more sophisticated chips manufactured by industry leader TSMC. Ltd And Samsung Electronics Ltd , Has decades of chip building experience. Chinese authorities have invested hundreds of millions of dollars to help start-ups. However, it soon became apparent that the plan was too ambitious, and…