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  2. Driven by serious government funding, China is predicted to lead the world in expanding semiconductor production, with a total of 18 new fabs expected to begin production in 2024. The rather substantial 6.4% increase in wafer processing capacity follows a 5.5% rise to 29.6 million WSPM in 2023.
    www.tomshardware.com/tech-industry/semiconductors/china-to-lead-semiconductor-industry-expansion-with-18-new-fabs-in-2024-global-chipmaking-capacity-to-reach-record-heights
    www.tomshardware.com/tech-industry/semiconductors/china-to-lead-semicondu…
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  3. People also ask
    How will China's chip industry grow in 2023?China is poised to lead this expansion, bolstered by government funding and various incentives for chipmakers. In 2023, Chinese chip manufacturers are forecasted to grow capacity by 12% year-over-year (YoY), reaching 7.6 million WSPM. This growth is projected to accelerate to 13% in 2024, reaching a capacity of 8.6 million WSPM.
    Does China still have a chip-manufacturing capability?Today, China still lags in chip-manufacturing capability relative to companies in Taiwan, the Netherlands, and elsewhere. “Although we’ve now seen [China’s Semiconductor Manufacturing International Corporation] produce seven-nanometer chips, we suspect that production is expensive and low yield,” says McKnight-MacNeil.
    Are China's chip makers making more progress?The results of the Big Fund and Tsinghua Unigroup, which the Chinese government used to steer the development of the domestic chips industry, have been a mixed bag. China’s chip makers made more progress in the past five years than the previous decade, people in the industry said.
    Why are chip companies booming in China?The result has been an unprecedented flourishing of chip-related companies within China. Dozens of Chinese companies, with specializations mirroring U.S. incumbents in key areas from ion implantation to etching, have sprung into prominence over the past few years, accelerating as the state realizes the enormity of the self-sufficiency project.
     
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