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
Importance
Level 1
- 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.
#IMPORTANT#ASIAN SESSION#US SESSION#GLOBAL EQUITIES#CHINA