In the first quarter of 2024, China's semiconductor production saw a significant increase, rising 40% year-over-year to reach 98.1 billion units, according to the National Bureau of Statistics and reported by South China Morning Post. This growth in chip production occurred despite ongoing US constraints on technology and trade with China. The surge was particularly driven by heightened demand for legacy chips used in new energy vehicles and smartphones. Additionally, March recorded a monthly all-time high in production, with output soaring by 28.4% to 36.2 billion units. This robust performance in the semiconductor sector contributed to the momentum in China's industrial economy, particularly bolstering its information technology and high-tech manufacturing sectors.
National Bureau of Statistics: China's integrated circuit output rose 40% YoY to 98.1B units in Q1, a sign that the country is expanding legacy chip production (@cocof1026 / South China Morning Post) https://t.co/GCc88Oehw9 https://t.co/hOzqVmRNy6
China's information #technology and high-tech manufacturing sectors continued to inject growth momentum into the country's industrial #economy in the first quarter, as the country maintained its global lead in #5G adoption. #QualityGrowth https://t.co/E85cShm1Vo https://t.co/NXeIyxS6g5
China’s semiconductor output rose 40% to 98.1 billion units in the 1st quarter as demand for legacy chips for new energy vehicles (NEV) and smartphones soared, media report, noting output hit a monthly all-time high in March, +28.4% to 36.2 billion units. Government data showed…
China’s chip production soars 40% in Q1 despite US constraints - Texchnode https://t.co/VENEE3IbGZ
China’s chip production soars 40% in Q1 despite US constraints https://t.co/7uXuYuJxO3