Beijing’s Billion-Dollar Surge: China Tops Chipmaking Investment, Leaving Rivals in the Dust
China has outspent South Korea, Taiwan, and the United States combined on chipmaking equipment, investing a staggering $25 billion in the first half of 2024. This unprecedented spending underscores China’s ambition to localize chip production and insulate itself from potential Western trade restrictions, as tensions surrounding technology exports continue to escalate. An Unprecedented Investment in Semiconductors China’s bold $25 billion…