Shenzhen wants to double semiconductor output by 2025 under new plan to boost tech industry

Shanghai-based Semiconductor Manufacturing International Corp, China’s biggest chip maker, is currently building a new wafer fabrication plant in Shenzhen. In April, China’s chip output dropped to a two-year low, declining 12.1% year on year to 25.9 billion units. — SCMP

China’s southern tech hub of Shenzhen wants to double the value of its existing chip sector within three years as part of a broader push to improve the country’s self-sufficiency in core technologies.

Shenzhen, known as China’s Silicon Valley, announced a plan to build “an influential cluster” for the semiconductor industry by 2025, including the development of leading national capabilities in manufacturing, packaging and testing of chips.