In the first quarter,Watch The Tax Collector Online China’s chip production surged by 40% year-on-year to reach 98.1 billion units, a sign that China’s mature process chip capacity is rapidly expanding, despite constraints imposed by the US on advanced processes, according to the South China Morning Post. The National Bureau of Statistics announced on Tuesday that integrated circuit production in China increased by 28.4% in March alone compared to the same period last year, reaching 36.2 billion units. China’s integrated circuit production growth partly stems from strong demand in the new energy vehicles sector, the report said. In the first quarter, China’s production of new energy vehicles increased by 29.2% to 2.08 million units, while smartphone production grew by 16.7% during the same period. [South China Morning Post]
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