China's significant investment in semiconductor manufacturing equipment during the first half of 2024 underscores its urgent aim for self-reliance amid ongoing tech trade tensions with the US.
The semiconductor sector is trending towards more onshoring across the globe, with countries investing significantly to bolster local production capacities in response to geopolitical pressures.
Industry reports highlight that China spent $25 billion on chipmaking equipment in the first six months of this year, surpassing total investments by the US, Taiwan, and South Korea combined.
With the rise of domestic investments in semiconductor production, China is aiming not only to expand its current capability, but also become the largest investor in new chip fabrication facilities.
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