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China's output of integrated circuits (IC) in May reached an all-time, single-month high as the country pulled out all stops to produce chips amid a severe global shortage of semiconductors, according to data released by the central government on Wednesday. China's IC output in May surged 37.6 per cent from a year ago to 29.9 billion units, the National Bureau of Statistics data showed. Separately, the nation's automobile output for last month slid by 5 per cent year on year, according to the bureau's data. Carmakers have been particularly hard hit by the chip shortage. May's output of chips marked…
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