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Beijing Unlikely to Achieve Goal of Producing Most Microchips It Needs by 2025: Report

China China-US News Chinese Regime Intel Made in China 2025 Samsung semiconductors TSMC

Beijing Unlikely to Achieve Goal of Producing Most Microchips It Needs by 2025: Report

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The Chinese regime’s semiconductor ambitions will fall short of its policy goal, according to a newly-released analysis by U.S. market research company IC Insights. The market researcher forecasted that China won’t be able to meet its goals of domestically producing 70 percent of its semiconductor needs by 2025, an objective under Beijing’s industrial policy of “Made in China 2025.” “IC Insights forecasts that greater than 50% of IC production in China in 2025 will come from foreign companies such as SK Hynix, Samsung, TSMC, and UMC with fabs in China,” according to the analysis. SK Hynix and Samsung are South Korean chipmakers. TSMC and UMC are semiconductor manufacturers headquartered in Taiwan, with the former being the world’s largest contract chipmaker. IC Insights reached its conclusion based on 2020 manufacturing data from China. It found that Chinese domestic companies produced $8.3 billion worth of semiconductor chips, or 36.5 percent of all …

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