Analysis of the characteristics of China's current semiconductor industry - Focusing on the industrial environment and the industrial chain

Since 2021, the global semiconductor market is expected to continue to grow with the development of new technologies such as the fourth industrial revolution, artificial intelligence, big data, self-driving cars, digital currency, and blockchain. However, the global semiconductor chain has been tested by the sanctions imposed by the United States on China's semiconductor industry. At the same time, the Chinese government has accelerated the progress of its own R&D in the country's semiconductor industry chain. As a major semiconductor exporter in the world, Korea needs to pay attention to the changes in the global semiconductor industry chain, including China and the US. This paper analyzes the current situation of the upstream and midstream of China's semiconductor industry chain based on the characteristics of China's semiconductor industry development, semiconductor industry chain stratification, and China's domestic semiconductor market data in 2021. This will help Korean companies (such as Samsung and Sk Hynix) better understand the development of China's semiconductor industry and, thus, better formulate their business strategies.