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The global semiconductor industry is experiencing notable shifts, largely influenced by the rapid expansion of the Mainland China market. From 2010 to 2024, China's share of global semiconductor equipment sales rose significantly, from just 6% in 2010 to 38% in 2024. On the other side McKinsey reports that market shares in Taiwan, Korea and Japan are declining. Taiwan has started to build semiconductor fabs in the US and Europe, while Japan has seen few new fab projects despite TSMC's upcoming Kumamoto plant. At the same time, the US and Europe, the Middle East, and Africa have kept their market shares steady.
Globalization helped the semiconductor industry grow from 2010 to 2019, during this time Chinese semiconductor companies expanded, with local firms growing by about 21% each year. But growth slowed from 2019 to 2023 because of US sanctions on Huawei which affected its chip division HiSilicon. Even without HiSilicon, China's semiconductor industry still grew by 9-10% in that period. Experts think this growth will continue in the future, a trend that the current US tariffs are only accentuating. China's growing importance in industries like electric vehicles (EVs) and commercial drones is pushing its semiconductor goals even further. In 2023, China accounted for 60% of all new EV registrations around the world. At the same time, political tensions between countries have made China more eager to build a self-reliant domestic semiconductor ecosystem. China is testing a domestic extreme ultraviolet (EUV) lithography system at Huawei's Dongguan facility. The system uses laser-induced discharge plasma technology and is scheduled for trial production in Q3 2025, with mass manufacturing planned for 2026.
View at TechPowerUp Main Site | Source
Globalization helped the semiconductor industry grow from 2010 to 2019, during this time Chinese semiconductor companies expanded, with local firms growing by about 21% each year. But growth slowed from 2019 to 2023 because of US sanctions on Huawei which affected its chip division HiSilicon. Even without HiSilicon, China's semiconductor industry still grew by 9-10% in that period. Experts think this growth will continue in the future, a trend that the current US tariffs are only accentuating. China's growing importance in industries like electric vehicles (EVs) and commercial drones is pushing its semiconductor goals even further. In 2023, China accounted for 60% of all new EV registrations around the world. At the same time, political tensions between countries have made China more eager to build a self-reliant domestic semiconductor ecosystem. China is testing a domestic extreme ultraviolet (EUV) lithography system at Huawei's Dongguan facility. The system uses laser-induced discharge plasma technology and is scheduled for trial production in Q3 2025, with mass manufacturing planned for 2026.
View at TechPowerUp Main Site | Source
