China Chip Output Declines in Wake of COVID-19 Lockdowns
Even as the tech industry is scrambling to scale semiconductor manufacturing capacity through billion-dollar investments, China’s IC ecosystem is further constrained in the wake of COVID-19 lockdowns. According to a report from Bloomberg, China’s IC manufacturing capability over the first quarter of this year actually declined 4.2% YoY (Year-over-Year). This has put a dent in…