Results for: chipmaking

China’s relentless investment in semiconductor technology, exceeding $25 billion in the first half of 2024, is shaking up the global chip industry. This massive spending, exceeding that of leading chip producers like South Korea, Taiwan, and the US, signifies China’s determination to achieve semiconductor independence. The move threatens to impact sales of top chipmakers like NVIDIA and ASML, raising concerns about the future of the global semiconductor supply chain.

China has overtaken South Korea, Taiwan, and the United States as the leading buyer of chipmaking equipment in the first half of 2024, fueled by its push for semiconductor self-sufficiency amidst escalating trade tensions with the West. The surge in investments comes despite a global slowdown and reflects China’s determination to mitigate potential export restrictions and become a global chipmaking powerhouse.