Despite US sanctions, China’s semiconductor industry appears all set to expand at a robust pace. A recent Bloomberg report citing Barclays research emphasized this, as it projected chipmaking capacity in China would double and exceed market expectations in five years.
The chip ban, while impactful, has spurred greater involvement from local companies in China’s semiconductor sector. Contrary to mainstream industry perceptions, the number of local chip manufacturers and fabrication plants in China is significantly higher than reported, according to the Bloomberg report.