In 2020, Chinese companies produced just 5.9% of the semiconductors used in China, with foreign-owned companies in China producing an additional 10%, according to a report by market research firm IC Insights.

Despite the massive investment and with the above couple of indicators, the United States-China Economic and Security Review Commission ( USCC ) highlighted that the Chinese Communist Party has not achieved its ambition of creating a self-sufficient domestic manufacturing base to meet China’s technological needs.

Chinese companies produce 5.9% of semiconductor chips comes via ChinaTechNews.com.