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Business trends

China and Taiwan set to lead chip investment surge in 2020

South Korea left out of recovery in industry group forecast

TOKYO -- Global spending on new semiconductor production sites and equipment is projected to reach $50 billion in 2020, with mainland Chinese and Taiwanese companies driving a recovery from a slump that began in late 2018.

The forecast announced Thursday by U.S.-based industry group SEMI represents a 32% rise from the estimated total for 2019.

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