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Production of chips in China will grow by 28.8%

The main engine of growth is domestic demand. Analysts also noted the growing contribution of memory prices.

In accordance with the state program of import substitution Made in China 2025, the share of semiconductor products in China domestic market by 2020 to reach 40%, and by 2025 — 70%.

The new factory in China to build the Taiwanese company TSMC and UMC. With the same purpose the Chinese company Semiconductor Manufacturing International Corp (SMIC), Huali Microelectronics, and Huahong Grace Semiconductor Manufacturing formed a joint venture with the financial support of local authorities and the national endowment for investment in the semiconductor industry, which in China is called "big Fund".


Source: https://www.ixbt.com/news/2018/06/25/proizvodstvo-mikroshem-v-kitae-za-god-vyrastet-na-288.html

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