China’s semiconductor expansion raises risks of overcapacity, inefficient investment, Moody’s warns

China’s semiconductor industry expansion efforts may raise the risks of overcapacity and investment inefficiency, hurting the country’s goal to become self-sufficient in this hi-tech field, according to a report from credit rating agency Moody’s on Monday.“The government’s semiconductor industry investment plans could lead to fierce competition, resulting in overcapacity of certain types [of chips], starting with less sophisticated products,” the Moody’s report said. “Overcapacity is a…


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