China's Semiconductor Spending Surpasses Global Competitors

Investments in chipmaking equipment and facilities outpace the US, Taiwan, and South Korea combined, signaling a push for tech independence.

China invested $25 billion in chipmaking tools in the first half of 2024, exceeding the combined spending of the US, Taiwan, and South Korea.
Sanctions have limited China's access to advanced technology, prompting heavy investment in domestic manufacturing capabilities.
China's Semiconductor Manufacturing International Corp. is nearing the production of advanced chips similar to those made by Taiwan Semiconductor in 2021.
ASML and other equipment suppliers derive significant revenue from China despite export restrictions.
Global efforts to localize semiconductor production are intensifying, with the US and Europe also increasing investments.