China has largely been the number one consumer of semiconductors, and now it’s making more than ever. It hit an all-time monthly high in May, according to data released by the Chinese government yesterday.
In May 2021, various companies in China produced 29.9 billion chips, up 37.6% from the same month a year ago. In April, the country manufactured 28.7 billion chips and in March it made 29.1 billion chips. In total, 139.9 billion integrated circuits (IC) were produced in China this year so far, an increase of 48.3% compared to the first five months of 2020, reports South China Morning Post citing the National Bureau of Statistics.