💨 Abstract

Taiwanese chip foundry Powerchip's joint venture with Hefei, China, in 2015 aimed to access the Chinese market, but the resulting Chinese foundry, Nexchip, has become a significant competitor in the legacy chip market. Chinese foundries, including Nexchip, Hua Hong, and SMIC, are increasing market share by offering steep discounts due to Beijing's localization push and aggressive capacity expansion.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖