China doubles localization rate for chipmaking equipment, reportedly over 40%
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Summary
China's semiconductor manufacturing industry is set to receive a boost with the country's increased focus on developing its own semiconductor manufacturing equipment. As reported by Digitimes, China aims to reduce its reliance on foreign-made equipment, a significant step toward self-sufficiency in chip production. This move aligns with China's ambition to strengthen its position in the global semiconductor market. The government is providing support and incentives to domestic manufacturers, encouraging them to innovate and produce cutting-edge equipment. This strategic shift underscores China's determination to secure a more prominent role in the semiconductor industry, reducing vulnerabilities tied to international supply chains.
Digitimes
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