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Market Chatter: China Aims for Over 70% of Silicon Wafers to Be Locally Produced by 2026

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-- China is looking to have more than 70% of silicon wafers used by domestic chipmakers to be locally made by 2026, Nikkei Asia reported Tuesday, citing sources.

The target has been an unspoken rule among chipmakers, compelling them to use locally made 12-inch wafers, according to the report, citing sources.

Some Chinese chip manufacturers are aiming to produce more advanced chips, which still requires the help of foreign makers, who will occupy the remaining 30% of the market, the report said, citing a chip industry executive.

Local chipmakers are already capable of meeting the demand for legacy chips, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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