The semiconductor deficit is having a profound impact on many industries. The automotive sector is one of the most affected, but the consumer electronics sector also you are enduring considerable stress that users have been warning for months as a breeding ground for speculation. The reasons that have placed us in this context of scarcity are diverse. In the report that we published at the end of May, and that we suggest you read if you are interested in this topic and you could not read it at the time, we explore the reasons why semiconductor manufacturers cannot cope. And above all, we come to an unflattering conclusion: at best we will overcome this crisis in 2023. Semiconductor manufacturers, notably TSMC, Samsung, Intel and GlobalFoundries, among others, have been trying for months optimize the manufacturing chain to intensify their production capacity, but what has transpired is that most of them are only scratching a timid increase in productivity. And, obviously, it is not enough to get us out of this quagmire. In the midst of this climate of uncertainty, the National Statistics Office of China has published the report in which it collects its industrial production capacity during the month of July. This document reflects the productivity of a very wide range of industries, but one of them, as can be expected given its relevance for this Asian country, is that of semiconductors. China has increased production far beyond expectations During the last months the Chinese semiconductor industry has been accumulating a positive inertia, but the result that it has thrown during the past month of July is surprising. And, as you can see if you take a look at the report published a few hours ago by the National Statistics Office, during this period its production capacity of integrated circuits has been 41.3% higher which he threw in July 2020. During the month of July, China managed to produce no less than 31.6 billion chips. It’s amazing This increase represents a net production of no less than 31.6 billion chips. In a single month. It is certainly shocking. Another interesting figure that this report also includes is the increase experienced by semiconductor production during the first seven months of this year compared to the same period of 2020. This figure is even higher: between the months of January and July China has increased the manufacture of integrated circuits 47.3% beyond the amount produced during those same months last year. There is something important that we must not overlook. It is much more complex and slow to produce high integration semiconductors, such as microprocessors, which are relatively simple chips for, for example, the home appliance industry. And it is clear that the latter have also been accounted for in this report. Even so, the production capacity of TSMC, which is the largest chip manufacturer on the planet, is contemplated in these figures, which invites us to intuit that, perhaps, this company has managed to increase its production capacity. Fingers crossed to make it so. Images | TSMC