Jan 12, 2024 03:14 AM
BUSINESS
China’s Chip Output May Double in Five Years, Barclays Says
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The capacity of China’s local chipmakers’ output has been underestimated and could lead to a glut in the market, analysts say
(Bloomberg) — The number of chips China makes will more than double in five to seven years based on local manufacturers’ existing plans, “materially more” than the market expects, according to research from Barclays analysts.
Most of that additional capacity could be added in the next three years, based on an analysis of 48 chipmakers with plants in the Chinese mainland, research showed.
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