China’s Semiconductor Surge and Its Shockwaves Across Crypto Mining
Main Points: 1. A New Semiconductor Powerhouse Subheading: China’s Foundry Capacity TrajectoryChina’s foundry capacity has been on a meteoric rise. According to Yole Group, China’s share of global foundry production capacity will surge from 21% in 2024 to 30% by 2030, eclipsing Taiwan’s 23% share and positioning China as the world’s largest hub for chip manufacturing. Figure 1 visualizes this projected growth in capacity share: Refer to the chart above