May 28, 2024 /SemiMedia/ -- According to a report by TechInsights, mainland China's semiconductor production capacity will increase by 40% by 2029, reaching 875msi (million square inches).

TechInsights: Semiconductor output in mainland China is expected to grow by 40% by 2029-SemiMedia

TechInsights classifies fab production data by wafer size 2, 3, 4, 5, 6, 8 and 12 inches, semiconductor types include optoelectronic/LED, discrete/power, storage, logic, analog/linear, foundry, etc. .

TechInsights pointed out that although there is also some growth in 8-inch and 6-inch wafer fabs, mainland China's semiconductor production capacity growth will be concentrated in 12-inch wafer fabs.

TechInsights pointed out that spending on wafer manufacturing equipment in mainland China will grow from US$11 billion in 2018 to nearly US$30 billion in 2023. The explosive growth in equipment purchases over the past three years is translating into rapid increases in production capacity.