South Korea to Surpass China in Chip Machine Spending Next Year
- US pressure weighs on China’s ability to buy key equipment
- Semiconductor supply chains are realigning along security ties
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South Korea is forecast to overtake China in spending on advanced chipmaking equipment next year in a sign of US export controls reshaping global supply chains for semiconductors.
Korea will likely increase its investment in fab equipment by 41.5% to $21 billion in 2024 while China logs only a 2% increase to $16.6 billion, according to data from SEMI, a global semiconductor association based in the US.