💨 Abstract

China's chipmaking equipment purchases are expected to decline by 6% this year to $38 billion, according to TechInsights, due to overcapacity and U.S. sanctions. China has been the biggest buyer for the past two years, accounting for 40% of global sales in 2024, but this year its share will fall to 20%. The slowdown is attributed to export controls and overcapacity.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖