Chinese companies are rushing into the country’s semiconductor sector, spurred by a multibillion-dollar government plan to boost the industry to counter growing technological pressure from the US.
More than 13,000 Chinese enterprises registered as semiconductor companies in the first nine months of this year, according to data from Qichacha, a Chinese companies information provider.
The numbers are double the monthly average of last year, with registrations jumping more than 30 per cent in September alone. Many companies entering the industry have no experience in semiconductors, coming from sectors such as auto parts or seafood.
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