According to a Wall Street Journal report by @meghamandavia, China's share of global mature-node chip production is projected to grow from 31% in 2023 to 39% by 2027, as per TrendForce. This expansion, highlighted by @meghara, is fueled by substantial investments in legacy chip manufacturing, a strategy to circumvent the limitations imposed by U.S. and European export controls on advanced chip technology. In contrast, India, under the guidance of IT Minister Ashwini Vaishnaw, aims to emerge as a global chip powerhouse within five years. Announced at the News18 #RisingBharatSummit in New Delhi, the first 'Made in India' chip is expected to hit the market by the end of 2024. However, China's aggressive growth in chip production, including efforts to develop a chip printing powerhouse akin to ASML, as mentioned in a profile of Shanghai Micro and the challenges of advanced lithography development, poses a significant challenge to India's chip ambitions by potentially compressing industry margins.
#TechWithMC | IT Minister Ashwini Vaishnaw announced at the News18 #RisingBharatSummit in New Delhi that the first 'Made in India' chip will hit the market by the end of 2024. Here's more⏬ https://t.co/l5Efjn6bbW #MadeInIndia #Chip @AshwiniVaishnaw
India wants to be a global chip powerhouse in 5 years https://t.co/2eX7kLecdV
"China, whose ambitions in cutting-edge chips have been stymied by U.S. and European export controls, is pouring capital into legacy chip making on a breathtaking scale. That will compress margins for everyone." @meghara https://t.co/AUMTsqxt1M https://t.co/AUMTsqxt1M
China needs to develop a chip printing powerhouse like ASML. Read this profile of the challenger (Shanghai Micro) and challenges of advanced lithography development. https://t.co/ZmxyL8MERJ
How China's spending may swamp India's chip ambitions; TrendForce: China's share of global mature-node production will grow from 31% in 2023 to 39% in 2027 (@meghamandavia / Wall Street Journal) https://t.co/K7u3TUDQSl https://t.co/03tp5WQJ54