China aims for self-sufficiency in chips

A recent report indicates that China intends to significantly increase domestic production of high-end chips, particularly those at 7nm and 5nm. The goal is to quintuple production in the next two years, reaching a capacity of 100,000 wafers per month.

Ambitious growth plans

The long-term goal is even more ambitious: to reach a production of 500,000 wafers per month by 2030. This effort, presumably led by companies like SMIC, aims to reduce dependence on foreign technology and strengthen China's position in the global semiconductor market.

Market implications

An increase in domestic production of advanced chips could have a significant impact on the global market, influencing the supply chain and competition among manufacturers.