Mainland China chipmaking capacity to outstrip Taiwan by 2030: report
Advertisement
The mainland's share of global foundry capacity is projected to reach 30 per cent by the end of the decade, up from 21 per cent in 2024, the French market research firm said. Taiwan is currently the market leader with a 23 per cent share last year, while mainland China is already ahead of South Korea at 19 per cent, Japan at 13 per cent and the US at 10 per cent.
'Mainland China is rapidly becoming a central player,' Yole Group said, attributing the shift to Beijing's intensified efforts to build a self-sufficient domestic semiconductor ecosystem since Washington launched a tech war that aimed to curb China's progress in critical areas such as chips and
artificial intelligence (AI)
Beijing has doubled down on its
'whole nation' approach to its self-sufficiency drive. The state-backed China Integrated Circuit Industry Investment Fund, known as the 'Big Fund', has successfully fostered the development of key companies such as
Semiconductor Manufacturing International Corporation (SMIC) and Hua Hong Semiconductor, two of the country's leading wafer foundries.
Domestic fabs are set to play a bigger role over the next few years, according to the report, which said local chipmakers accounted for 15 per cent of foundry capacity in 2024. That share will be 'significantly more' by 2030, the report said.
Advertisement
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Standard
42 minutes ago
- The Standard
Hong Kong, Canadian police team up to foil $13m email scam
Hong Kong police, in a joint operation with Canadian authorities, successfully intercepted and recovered HK$13.29 million (CAD$2.3 million) in a cross-border business email scam. (File)
South China Morning Post
an hour ago
- South China Morning Post
China reacts to US-Vietnam trade deal, Philippines' tourism woes: SCMP's 7 highlights
We have selected seven stories from this week's news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing Chinese manufacturers in Vietnam breathed a sigh of relief on Wednesday, after Washington and Hanoi agreed a 'better than expected' trade deal that will reduce US tariffs to 20 per cent and bring an end to three months of uncertainty. Chinese troops march during a military parade in Tiananmen Square in Beijing in 2019 to mark the 70th anniversary of the founding of the People's Republic of China. Taiwan will not be the focus of this year's parade, but the display is intended to send messages. Photo: AFP When Beijing stages a grand military parade this autumn, observers will be watching for signals being sent towards Taiwan, with both military hardware and historical connections sending both public and political messages. China may be on the verge of placing another lucrative order with European aerospace giant Airbus, potentially for at least 100 to 200 new aircraft – even as some Chinese airlines remain heavily reliant on US rival Boeing's jets.
South China Morning Post
2 hours ago
- South China Morning Post
Hong Kong's bull market fills fiscal coffers, plugs hole left by ailing real estate market
Hong Kong's stock market stamp duty income is filling the city's financial coffers at the fastest pace since 2021, amid a bull run on the local bourse that has attracted scores of initial public offerings (IPOs) and fuelled frenzied trading. Advertisement Duties from transactions and transfers rose to HK$29.69 billion (US$3.78 billion) in the first five months of 2025, according to calculations by the Post based on government data. Contributions from the stock market jumped 42.5 per cent to HK$52.17 billion for the financial year that ended in March, accounting for about 90 per cent of total stamp duty revenue and 9.3 per cent of the government's revenue, helping to plug the fiscal hole left by a slumping property market It also vindicated the hard stance taken by Financial Secretary Paul Chan Mo-po, who resisted pressure from local brokers who asserted that the November 2023 cut in transaction costs to 0.1 per cent did not go far enough. At 0.1 per cent, payable by the buyer and seller in a transaction, Hong Kong was among the world's cheapest major markets for trading, surpassed only by the US, mainland China and Japan, which did not charge any transaction fees. 'The lower stamp duty has helped reduce transaction costs, boosting liquidity and trading activity, which is beneficial for the overall market,' said Dickie Wong, director at the Institute of Securities Dealers in Hong Kong. Combined with near-zero margin financing costs, it has encouraged individual investors to subscribe to new IPOs, further supporting market turnover, he said. The ceremonial gong used by the Hong Kong Exchanges and Clearing Limited (HKEX) to mark the commencement of trading of a new stock went on a citywide road show on June 20, 2025, to commemorate the exchange's 25th anniversary. Photo: Edmond So The Hang Seng Index, the city's stock benchmark, has risen 20 per cent in the first six months of this year, outperforming major indexes globally despite the US-China trade war that started this April, roiling the market. Advertisement The stock market's capitalisation has risen 24 per cent to HK$40.9 trillion as at the end of May according to exchange data, as trading activity picked up. Average daily turnover reached HK$210.3 billion in May, a 50 per cent increase from a year ago, while daily turnover for the first five months averaged HK$242.3 billion, more than double the same period last year.
