Tech war: China buys US$12 billion worth of chip-making equipment in second quarter

Quick Summary:

The soaring demand in China helped lift worldwide income from semiconductor gear by 4 per cent, despite contraction in major markets.

Japan, ranked fifth by market size, recorded a revenue rise of 6 per cent to US$1.6 billion.“The semiconductor equipment market has returned to growth, driven by strategic investments to support continued strong demand for advanced technologies and regions seeking to bolster their chip-making ecosystems,” said SEMI CEO and president Ajit Manocha.

In the June quarter, China saw sales of chip-making equipment – including tools for wafer processing, assembly, packaging and testing – jump 62 per cent year on year to more than US$12 billion.

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Article Details

Author / Journalist: Coco Feng

Category: Business

Markets: Hong KongChinaJapanSouth KoreaTaiwan

Topics: Market Semiconductor Including China Quarter Semi Equipment Cent Chip-making Billion Sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 19:00:13 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 156 words

Reading Time: 1 minutes read

Sentences: 4 lines

Sentence Length: 39 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 22374520

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