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A sudden surge in demand for electronics during the COVID-19 pandemic led to an unprecedented shortage of semiconductor chips worldwide. Right from gaming consoles, laptops and desktop to even digital thermometers have been faced with an acute chip shortage due to a sudden increase in demand, bringing to fore the importance of self-sufficiency in semiconductor manufacturing. China is taking a lead in addressing the global shortage of chips by accelerating the development and manufacturing of 14 nm chips, which are expected to go into mass production in the country in 2022. While China is the world's biggest consumer of semiconductors, a large part of that demand has been met through imports so far. However, the country is making rapid strides in becoming self-reliant and developing a strong ecosystem of semiconductor design and manufacturing. “China has a lot of work to do…

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