China's binge-buying of chipmaking equipment could yield another overcapacity problem [CNBC]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: CNBC
and Japan in the first half of the year, according to an industry report Thursday. Such over-investment ultimately will lead to “inefficient or under-utilized capacity in the future,” creating pricing pressures to its global industry peers, SEMI's senior director Clark Tseng said. The world could soon be facing the same problem of “over-capacity” with such legacy chips, according to NUS senior professor Alex Capri. China is ramping up spending on chip manufacturing equipment, surpassing the combined expenditure of the U.S., South Korea, Taiwan and Japan in the first half of the year, according to an industry report Thursday. The outsized investment is driven by Beijing's endeavors for chip self-sufficiency as it hopes to hedge against further risks of Western restrictions that could thwart its access to the critical technology. In the first half of 2024, China splurged a whopping $24.73 billion on procuring chip manufacturing equipment, according to data from SEMI, a global
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