Chip Shortage Will Disappear Soon An Analyst Says
According to Li, “All the world’s advanced economies, including the U.S., the E.U., South Korea, and China have set out plans to advance capacity in the domestic semiconductor industry.” China is currently the largest importer of semiconductors in the world. Recent U.S. sanctions have prompted Chinese Communist Party officials to invest heavily in domestic production. China is now gaining more market share. Li believes that developing domestic semiconductors has some pros and cons for China....