What is the prospect of the chip industry

June 9, 2021, in the World Semiconductor Conference, Wu Hanming, academician of the Chinese Academy of Engineering, pointed out the current situation of China's chips: China wants to complete the localization of the chip replacement, there is still a lack of 8 SMIC. In short, now China needs 8 SMIC capacity to meet the growing demand for chips in the semiconductor market. This means that China wants to solve the chip production problem in a short period of time, there are not small difficulties. However, with the continuous fermentation of the global chip drought, China's chip development provides more possibilities, China's chip localization process is also expected to further accelerate.