China Chip Makers Witness Surge in Growth Courtesy of US Market

2023-10-22 01:17:15

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China's chip makers are seeing growth in demand thanks to stricter U.S. regulations on the country's semiconductor sector. Domestic equipment manufacturers like Naura and AMEC are securing a larger share of contracts from Chinese foundries, as chip manufacturers transition to domestically produced alternatives. Recent data shows a significant shift in the Chinese semiconductor industry, with Chinese manufacturers securing a majority of machinery equipment tenders. This trend is expected to continue as the U.S. restrictions on technology imports remain in place, and as Chinese President Xi Jinping emphasizes self-reliance.

Reviewing U.S. Restrictions on Chips to China

The Biden administration has expanded efforts to restrict China's chip industry, citing concerns over the potential military applications of these chips. The new measures are planned to be reviewed and updated annually, further escalating tensions between the U.S. and China in the technology and semiconductor sector.

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Chinese chip equipment makers, such as AMEC and Naura, are benefiting from these developments. In the first half of 2023, revenue from China's top 10 equipment manufacturers grew by 39%, reaching£2.2 billion in sales. Chinese companies are improving their equipment for processes like etching and cleansing, enabling them to compete with big American companies like Applied Materials Inc and Lam Research Corp in the production of advanced chips. However, China still struggles to make high-end lithography equipment, facing challenges in acquiring the necessary machines to produce the most advanced chips.

Continued Progress and Challenges

Despite the challenges, Chinese companies like Huawei and SMIC have made progress in developing advanced chips using machines purchased from Dutch company ASML. However, local companies in China still rely on imports for some equipment, particularly the most advanced types. While there is ongoing growth and improvement in China's chip manufacturing sector, achieving complete self-sufficiency in advanced semiconductor equipment remains a future goal.

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