China Surges in Legacy Chip Market as US Focuses on Advanced Semiconductors

Chinese firms ramp up production and imports of semiconductor equipment, challenging global competitors with lower prices and increased capacity.

China is set to control 40% of the global legacy chip market by 2027, doubling its share since 2015.
Chinese companies imported a record $26 billion worth of chipmaking equipment this year.
US export controls have pushed China to focus on mature chip technologies, driving down prices globally.
The US has invested $3.4 billion in legacy chip production, far less than its spending on advanced chips.
China's strategy includes heavy subsidies and loans to bolster its semiconductor industry.