The semiconductor shortage caused by the pandemic is having a profound impact on many industries, that is why China has increased its chip production capacity by 40%. The automotive industry is having a hard time but the consumer electronics sector is also undergoing considerable stress. Experts say we will overcome this crisis in 2023.
The chip shortage crisis continues
Semiconductor manufacturers, including TSMC, Samsung, Intel and GlobalFoundries, among others, have been trying to optimize the manufacturing chain to intensify their production capacity for months.
In the midst of this climate of uncertainty, China’s National Bureau of Statistics has published a report on its industrial production capacity for the month of July. This document reflects the productivity of a very wide range of industries, of course, the sector we are interested in is semiconductors.
China has managed to increase its chip production capacity by 40%
During the last few months, the Chinese semiconductor industry has been very successful. According to the report published a few hours ago by the National Bureau of Statistics, the Asian country’s chip production is 41.3% higher than in July 2020.
This increase represents a net production of no less than 31.6 billion chips. In a single month. That is certainly impressive. Another interesting figure also contained in this report is the increase in semiconductor production during the first seven months of this year compared to the same period in 2020.
There is something important that we should not overlook. It is much more complex and time-consuming to produce highly integrated semiconductors, such as, for example, microprocessors, than relatively simple chips for, let’s say, the home appliance industry.
Even so, the production capacity of TSMC, which is the largest chip manufacturer on the planet, is included in these figures, which leads us to believe that this company has perhaps managed to increase its production capacity too.