Wednesday, February 28, 2024

Polaris of Enlightenment

Wednesday, February 28, 2024

Polaris of Enlightenment

China invests heavily in semiconductor manufacturing

Published 22 January 2024
- By Editorial Staff

According to current forecasts, China will double its semiconductor production by the end of the decade. By 2024, the country’s production is expected to grow by 13%.

Barclays, a leading London-based bank, analyzed the expansion plans of 48 semiconductor manufacturers in China. Their analysis shows that they plan to build more semiconductor fabs in 2024 than in the previous two years combined. According to Barclays’ forecast, China could increase its production capacity by 60 percent over the next three years.

“Local players are still underappreciated”, analysts Joseph Zhou and Simon Coles told Bloomberg. “There are materially more local semiconductor manufacturers and fabs in China than suggested by mainstream industry sources”.

Barclays predicts that semiconductor production in China will rise from 7.6 million wafer starts per month (WSPM) to 8.6 million WSPM in 2024, an increase of 13 percent. These efforts are aimed at making China a dominant player in the semiconductor market and reducing the country’s dependence on semiconductor imports. China is also expected to focus on the production of older node technologies of 28 nanometers and above.


More from the front page




Share via
Wednesday, February 28, 2024
Search
Search

NEWS

OTHER

SOCIAL MEDIA

Subscribe to our newsletter!

© 2022-2024 The Nordic Times TNT.
All rights reserved.

Our independent journalism needs your support!
We appreciate all of your donations to keep us alive and running.

Our independent journalism needs your support!
Consider a donation.

You can donate any amount of your choosing, one-time payment or even monthly.
We appreciate all of your donations to keep us alive and running.

Dont miss another article!

Sign up for our newsletter today!

Take part of uncensored news – free from industry interests and political correctness from the Polaris of Enlightenment – every week.

Send this to a friend
Share via
Send this to a friend