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China Chip Production Slows Ahead Of New US Sanctions

  • China's production of integrated circuits (ICs) grew at a slower pace in October due to weaker domestic demand and the expectation of new US trade sanctions.
  • IC output grew 11.8 percent YoY for the month, totaling 35.9 billion units.
  • China's largest foundry, SMIC, reported production capacity running at 90.4%.
  • In the first 10 months of the year, China's EV production capacity surpassed 10 million units.

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