TAIPEI – China spent more on chip-making equipment than South Korea, Taiwan and the United States in the first half of the year, amid a frenzied push to localize chip supplies and reduce the risk of further Western export curbs, according to global chip industry association SEMI. .
China, the world's largest semiconductor equipment market, spent a record $25 billion on chip equipment in the first six months of 2024, according to SEMI data. China maintained strong spending through July and could have another full-year record high.