According to analysts, 19 of the world’s 20 fastest growing chip manufacturers in the last four quarters were Chinese. Companies in PRC increase their revenues several times compared to world leaders in the industry.
Recall that in 2020 the United States restricts the sale of American technology to Chinese companies. In the end, this only spurred the production of Chinese chips. In 2021, the volume of orders from foreign customers from China increased by 58%. Meanwhile, sales rose 18%. In addition, the largest Chinese companies SMIC and Hua Hong Semiconductor were even able to maintain the almost full load of their factories in Shanghai, despite the pandemic.
Source: Ferra
