China continues to pour billions into semiconductors, with potential implications for chipmakers. In the first half of 2024, the country invested $25 billion in chipmaking equipment, according to new data from SEMI, a global semiconductor industry association. The figure is higher than the combined spending of South Korea, Taiwan and the U.S., which are among the leading world suppliers of chips and manufacturing equipment. China has been the only country in the group to increase spending year-over-year. Increased investment by the Asian giant in its domestic manufacturing capabilities could e…
