China Leads Global Chipmaking Investment with $25B Spend

China Dominates Chipmaking Equipment Spending

In a bold move to dominate the semiconductor industry, China has emerged as the leading spender on chipmaking equipment, investing a whopping $25 billion in the first half of 2024. This figure surpasses the combined investments of key players like South Korea, Taiwan, and the U.S., showcasing China's strategy to localize chip production and lessen dependency on foreign technologies amid growing trade tensions.