China will make just 2% of most advanced chips by 2032, report says

U.S. set to triple its semiconductor manufacturing capacity due to CHIPS Act

20240508 China US semiconductor manufacturing capacity

China has been fighting to beef up its chipmaking capabilities in the face of U.S. restrictions. (Nikkei montage/Source photo by Getty Images)

YIFAN YU, Nikkei staff writer

LOS ANGELES -- The U.S. is set to more than triple its semiconductor manufacturing capacity and control almost 30% of advanced chipmaking by 2032, thanks in no small part to the CHIPS Act.

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