China’s $25 Billion Chip Surge: Outinvesting the US, South Korea, and Taiwan in 2024
China has rapidly become the world’s largest spender on chipmaking equipment, with an eye-watering $25 billion invested in the first half of 2024 alone. This staggering figure, more than the combined spending of South Korea, Taiwan, and the United States, underscores Beijing’s aggressive push to localize semiconductor production. As global trade tensions simmer, China is...