China's $25B Chipmaking Investment Outpaces Global Competitors

China's semiconductor spending in the first half of 2024 surpasses the combined investments of South Korea, Taiwan, and the U.S.

China spent $25 billion on semiconductor equipment in H1 2024, exceeding combined investments by South Korea, Taiwan, and the U.S.
The spending surge is part of China's strategy to localize chip production and reduce dependency on foreign suppliers.
Chinese chipmakers, including both major and smaller firms, are driving this investment to meet future market demand.
China's domestic chips are now only three years behind TSMC's technology, showing rapid advancement despite U.S. sanctions.
Global chip equipment manufacturers have seen significant revenue growth from Chinese purchases, with some companies reporting up to 49% of revenue from China.