Technology

Chinese companies continue to increase investment in domestic chip production as Beijing keeps focus on self-sufficiency

Chinese companies continue to increase investment in domestic chip production as Beijing keeps focus on self-sufficiency

Spurred on by Beijing, Chinese companies are upping their investment in the domestic semiconductor sector, after a year that saw sales of integrated circuits (IC) in the country surge 18 per cent to the highest growth rate in three years, according to Chinese media reports and industry data. China’s IC sales hit 1.05 trillion yuan (US$158.6 billion) in 2021, an 18.2 per cent jump from a year earlier.

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