China aims to boost output of relatively advanced chips to 100,000 wafers in 1-2 years, according to Nikkei; China has set target of adding an additional 500,000 wafers of capacity by 2030

• Semiconductor Manufacturing International, Hua Hong Semiconductor and several Huawei-linked chipmakers are all expanding or aiming to begin production of chips on the most advanced technology available in the nation, which includes production on the 7nm or even 5nm performance level.

China's aggressive push to ramp up advanced chip production signals its intent to strengthen its technological sovereignty amid rising global tensions. This could have significant implications for the semiconductor market, affecting supply chains and competitive dynamics, particularly for firms linked to the U.S. and Taiwan. Traders should monitor how this influences market sentiment in global equities and technology sectors.