News Snapshot:
Semiconductor output in China grew by 33 per cent last year – double the growth rate in 2020 – according to government data released on Monday. While the figures represent a somewhat more independent Chinese chip industry, it’s still too early for China to declare victory in the ongoing trade war with the US amidst a worldwide chip shortage. According to data released by China’s National Bureau of Statistics , the nation’s local companies and foreign-owned factories produced 359.4 billion integrated circuits (ICs) in 2021, up 33.3 per cent year on year (YoY). 2020 had seen Chinese IC output total...
