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As China's mature process chips continue to expand, American expert Chris Miller expressed his views on China's chip expansion, which he believes could cause panic around the world, especially the United States. The panic over China's chip expansion comes from two main reasons. First of all, China's chip expansion may lead to a surplus in the mature chip market, which will lead to a global market. Secondly, the improvement of China's chip production strength will also form competitive pressure on the US chip industry, causing its global market share to further decline.
The reason why the U.S. chip industry is restricted is mainly because more investment in the United States is currently focused on advanced technology, while the mature chip market has accounted for 70% of the overall chip market, and advanced chips only account for about 30% of the share. Therefore, Chris Miller believes that in the future, the United States may rely on China's mature chip production capacity to meet the needs of the domestic market.
The improvement and expansion of China's chip production strength has largely proved Chris Miller's point. According to statistics, China currently has 44 wafer fabs, of which 25 are 12-inch wafer fabs, 15 are 8-inch wafer fabs, and 4 are 6-inch millimeter wafer fabs. Surprisingly, in addition to these 44 fabs, there are 22 under construction, including 15 12-inch fabs and 7 8-inch fabs. These data show the rapid growth of China's chip production capacity.
According to the agency**, by mid-2024, the global monthly wafer production capacity will reach 30 million pieces, and the wafer production capacity in Chinese mainland will reach 8.6 million pieces, a year-on-year increase of 13%, accounting for 28 of the global wafer production capacity7%, ranking first in the world. In contrast, the production capacity of other countries and regions is also very large, and the production capacity of these foundries is also used by the United States. However, the chip production capacity of the United States has been less than 10% of the global share, which is less than one-third of China's chip production capacity.
Although China's chip expansion has brought huge impact and pressure to the world, from the current situation, it is still quite difficult to jam the neck of the United States. First, while China can expand production on a large scale with mature processes, many core equipment and technologies are still in the hands of the United States. As a result, China is still dependent on the United States in some key links of the chip industry chain. Secondly, in addition to Chinese mainland, the production capacity of other countries and regions is also very large, and these production capacity will also affect the ** situation of the global market.
In addition, American analysts and experts hold a threatening view of China's chip expansion, which may also be to serve American companies, hoping to provide more subsidies to support the expansion and construction of factories by American chip companies. Therefore, their views on China's chip expansion still have certain subjective factors.
Judging from the current situation, China's chip expansion has undoubtedly had an important impact on the global chip market. The large-scale expansion of China's mature process chips has made China play an increasingly important role in the global chip chain. However, to completely jam the neck of the United States, China still faces many challenges and difficulties. First of all, China still has a certain dependence on the core equipment and technology of the chip industry chain; Secondly, the chip production capacity of other countries and regions in the world cannot be ignored.
For me personally, as a self-editor, I pay more attention to the development and technological innovation of the chip industry. The phenomenon of China's chip expansion has undoubtedly brought new opportunities and challenges to the industry. For me, it is not only necessary to pay attention to the expansion of chip production capacity, but also to focus on the technological progress of chips and the improvement of R&D strength. Only through continuous technological innovation and industrial synergy can China's competitiveness in the global chip market be truly enhanced.
In summary, the global panic caused by China's chip expansion has indeed brought a huge impact to the global chip industry. But to get stuck in the neck of the United States, it is still a difficult task for China, and a series of challenges and difficulties need to be overcome. However, this also provides opportunities for the development of China's chip industry, and we have reason to believe that through technological innovation and industrial collaboration, China's chip industry will play a more important role in the global market.
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