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.