dollars
China injects tens of billions of dollars in chipmaking tools, but it’s easily more than a decade behind the market leaders — Here’s why
China’s attempt to build a self-sufficient semiconductor industry has been instrumental in creating numerous companies, such as Huawei’s HiSilicon, SMIC, and YMTC, that develop and manufacture world-class chips. However, while there are China-based firms that produce chipmaking tools, they cannot replace equipment made by American or European companies for advanced process technologies. Some, like Goldman…