China Likely to Spend $50 Billion on Chip Equipment This Year

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China was the only country to increase its year-on-year chip equipment purchases, with other major buyers like Taiwan, South Korea and the US all spending less

The post China Likely to Spend $50 Billion on Chip Equipment This Year appeared first on Asia Financial.

Just last week, Chinese capital Beijing set up its own chip fund with a registered capital of $1.2 billion.

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Article Details

Author / Journalist: Vishakha Saxena

Category: InvestingBusiness

Markets: Hong KongChinaJapanSouth KoreaTaiwanUnited States

Topics: Global Fintech Leaders Index Fintech Computer Chip North Asia Semiconductors ASML World AI Markets Chip War China-US Economic Ties Regions US-China Fintech Insights Asia Server Chips

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 13:42:16 (2 days ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 797 words

Reading Time: 5 minutes read

Sentences: 41 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 22373120

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About Asia Financial

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