US-China tech war: China becomes world’s top semiconductor equipment market as Beijing pushes local chip industry

Source: South China Morning PostChina vaulted to the No 1 spot for new semiconductor equipment for the first time in 2020, surpassing Taiwan, South Korea and Japan, as the nation’s chip makers rushed to build new capacity amid a tech war with the US, according to data from trade group SEMI.Mainland China saw annual sales of equipment grow 39 per cent to US$18.72 billion last year, with Taiwan being the second-largest market with sales of US$17.15 billion. Taiwan’s growth was flat coming after a strong year in 2019, according…Read More

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