According to research released on Thursday, sales at China’s leading chip equipment manufacturers increased in the first half of the year as Beijing continues to push for the semiconductor industry’s independence.
According to Shanghai-based CINNO Research, the top 10 domestic equipment makers reported first-half sales of over 16.2 billion Chinese yuan ($2.2 billion), a 39% increase over the same period last year.
Semiconductors, vital components found in everything from cellphones to satellites, have gotten entangled in the larger technology conflict between the United States and China.
Beijing has been cut off from essential semiconductor technologies and equipment by Washington through export restrictions.
The chip supply chain is quite intricate and made up of a wide variety of businesses, from vendors of semiconductor design tools to businesses that manufacture and use related equipment.
Beijing’s industry lagged behind nations like the United States, South Korea, and Taiwan because it previously placed a significant amount of its reliance on foreign firms for these instruments.
Source (CNBC)