China's chip equipment firms see revenue surge as Beijing seeks semiconductor self-reliance
Publishing timestamp: 2023-09-28 07:12:20
Summary
Revenue from China's top chip equipment makers has surged in the first half of the year as Beijing aims for self-reliance in its semiconductor industry. The domestic industry has previously relied heavily on foreign companies, but U.S. sanctions and the desire for more self-reliance have boosted revenues for Chinese chip equipment manufacturers. However, China still lacks access to some of the most advanced chipmaking tools. Despite this, the country's semiconductor industry is making progress, as seen in Huawei's launch of a new smartphone that can connect to 5G networks using a chip manufactured by SMIC.
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Keywords: cybersecurity, united states, semiconductor manufacturing international corp, technology, semiconductor device manufacturing, china, beijing, naura technology group co ltd, politics, internet, business news,