96 days ago • Posted by William Ramstein
China wants to manufacture more chips and is buying more equipment. TSM wins.
Chinese businesses bought almost $32 billion of equipment used to produce computer chips from Japan, South Korea, Taiwan and elsewhere, a 20% jump from 2019. Companies like Huawei Technologies Co. stockpiling supplies ahead of U.S. sanctions, imports of computer chips climbed to almost $380 billion -- making up about 18% of all of China’s imports for the year. One of the big winners of that surge in chip demand was Taiwan, with orders at Taiwan Semiconductor Manufacturing Corp. Source: Yahoo Finance