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Technology

China chip drive far short of 'Made in China 2025' goal: report

Local output will meet only 21% of demand in 2024, US research firm warns

A Kunpeng 920 chipset designed by Huawei's HiSilicon subsidiary on display at Huawei Technologies' headquarters in Shenzhen, China.   © Reuters

TOKYO -- Chinese-made chips will account for just 20.7% of the national market in 2024, well below the 70% target in its "Made in China 2025" initiative, according to American research firm IC Insights.

China-based production of integrated circuits, which include central processing units and memory chips, is projected to more than double by value between 2019 and 2024 to $43 billion, which will equal about 8.5% of the global market.

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