AI boom accelerates China chip growth

China's chip industry is experiencing strong growth momentum due to the global surge in demand for AI infrastructure. This has led to increased capital spending and capacity expansion as chipmakers strive to meet the rising demand. Executives indicate that industry growth is accelerating faster than anticipated this year. Projections suggest China's manufacturing capacity for chips made on mature process nodes will rise to 42% of global output by 2028, up from 37% in 2026, highlighting the sector's increasing significance in the global supply chain.