Chinese Chip Breakthrough Against the Trend

The decline in demand for high-end chips has caused manufacturers such as TSMC and Samsung to cut production capacity sharply. TSMC plans to cut 40% of EUV lithography machine orders in 2024. Samsung’s net profit plummeted by 96% in the first quarter of this year, and it also announced a reduction in memory chip production capacity. Most chip manufacturers are reducing costs, and SMIC has good news. The capital expenditure in 2023 will be the same as that in 2022, reaching about 90 billion yuan. Coupled with ASML’s announcement that the DUV lithography machine that can be shipped can cover up to 7nm, SMIC may usher in a turning point. “China Focus“ is a YouTube channel created to provide current events and pop culture headlines from you can get to know a more real China through my video. ｜ #ChineseNews #chips #ChinaFocus Thanks for your watching and subscribing.