Reported 10 months ago
Chinese chip makers like SMIC and Hua Hong Semiconductor Group are boosting capacity to meet demands for legacy chips. Despite lagging in technology compared to TSMC and Samsung, Chinese foundries are investing in new capacity to accommodate the growing need for chips, with SEMI predicting a 15% increase in wafer capacity this year and a 14% increase next year. The rise in investment, partially driven by US export controls, is leading to concerns about overcapacity and potential price wars as China aims for self-sufficiency in semiconductors.
Source: YAHOO