South Korea surpassed China in tech! Asian conflict
As recent reports suggest chipmaking market has been controlled by South Korea right now. Here are all the specifics.
Chipmaking market is quite strict and there are many rivals to each other. In that sense South Korea has taken over the market over China. According to data from SEMI, a US-based international organization for semiconductors South Korea has clearly surpassed China in the market.
South Korea vs China: The chipmaking market gets real
South Korea will likely increase its investment in fab equipment by 41.5% to $21 billion, while China's spending will only increase by 2% to $16.6 billion. By 2024, South Korea will surpass China in terms of expenditures on cutting-edge semiconductor manufacturing machinery.
There are many reasons why this is how it is. For example advanced chips and equipment from firms like Nvidia Corp. and Tokyo Electron Ltd. are now largely unavailable to Chinese customers as the Dutch and Japanese governments have joined the US in enacting export limits.
Taiwan, home to Taiwan Semiconductor Manufacturing Co., the largest contract chipmaker in the world, is anticipated to keep up its dominance in the global market for fab equipment. As a result of the recent removal of export restrictions to South Korea and the restoration of diplomatic relations and tech supply chains between the two US allies, SEMI forecasts that fab equipment expenditure in Japan will increase to $7 billion in 2024.
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