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China: Semiconductor Output Dips 17% in July Amid US Threat

News Snapshot:

Hong Kong, August 15: China suffered a sharp fall in semiconductor output in July amid supply chain disruptions due to strict Covid measures in place, the media reported on Monday, as the US doubles down on domestic chip manufacturing with help from allies like South Korea. According to data released by the National Bureau of Statistics, the production of integrated circuits (ICs) dropped 16.6 per cent year-on-year to 27.2 billion units last month, reports South China Morning Post. China’s Semiconductor Output Shrinks to 2020 Level As COVID-19 Lockdowns Disrupt Production. China had reported 27.5 billion and 28.8 billion units for…

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