China’s semiconductor output hits record high in July as new capacity added to meet strong demand
China’s integrated circuit (IC) output rose more than 41.3 per cent year on year to reach 31.6 billion units in July, a new monthly record, on the back of strong demand for semiconductors and the addition of new production capacity, according to government data released on Monday.
The July output was higher than the production of 30.8 billion units reported in June, the National Bureau of Statistics data showed. In the first seven months of the year, China’s total IC output reached a hefty 203.6 billion units, up 47.3 per cent compared with the same period a year earlier.
Chip production is a priority in China’s five-year plan as the country braces for a heightened tech war with the US. The value-added industrial output in computing, telecommunications and electronics manufacturing, one of the 17 main sub sectors tracked in China’s industrial output, rose 13 per cent in the last month from a year earlier, outperforming overall industrial output growth of 6.4 per cent.
China’s output of automobiles in July fell 15.8 per cent from a year earlier, partly due to chip supply problems, according to the statistics bureau.