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China adds 8,679 new chip-related firms in Q1, up 302% year-on-year

Phate Zhang Apr 21, 2021 20:48 GMT+8

As the world faces a chip shortage dilemma, Chinese companies seem to see an opportunity.

China added 8,679 new chip-related companies in the first quarter of this year, up 302 percent year-on-year. Among them, 4,047 were registered in March, up 226 percent year-on-year, according to information from data provider Qichacha.

So far, there are 74,100 chip-related enterprises in China, and 22,800 new enterprises were registered in 2020, the data shows.

The number of new chip-related enterprises was 1,272 in 2011, and the number of new ones steadily increased to 7,715 in 2019.

By 2020, the number of chip-related business registrations is a blowout, with 22,800 new companies added throughout the year, an increase of 195%.

Currently, the largest number of chip-related companies is in Guangdong Province, with 25,200. Jiangsu Province is in second place with 10,600.

TikTok owner ByteDance is making its own AI chips

China adds 8,679 new chip-related firms in Q1, up 302% year-on-year-CnTechPost

China adds 8,679 new chip-related firms in Q1, up 302% year-on-year-CnTechPost

#China-made Chips
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Phate Zhang
Phate is the founder of CnTechPost and the main author of the site. He has been reporting in Chinese and English since 2009, focusing on macroeconomics and capital markets. He is also a tech enthusiast, and it is his interest to follow tech industry developments.
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