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China’s Gargantuan $25 Billion Splurge On Chipmaking Tools In H1 2024 Eclipses The Combined Expenditure By The US, South Korea, And Taiwan

NewsTech

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China Beijing Chips

The new cold war, cloaked in silicon, is ratcheting up, with uncontested supremacy in the emerging AI-led, productivity-unlocking paradigm up for grabs. With the US and its allies determined to thwart Beijing's access to cutting-edge chips, China is finding progressively more creative ways to circumvent those restrictions, all the while trying to ramp-up its indigenous capacity. In the first half of 2024, China significantly increased its investment in semiconductor manufacturing equipment, spending a record $25 billion according to the global chip industry association SEMI. This amount surpasses the combined expenditures of South Korea, Taiwan, and the… — GammaLab (@gammalab_tweets) September […]

Read full article at https://wccftech.com/china-gargantuan-25-billion-splurge-on-chipmaking-tools-in-h1-2024/

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