Chinese startups join the race to address chip shortage amid funding boom

Would an overheated semiconductor startup scene and the ability to design cutting-edge chips be enough to help China achieve chip self-sufficiency?

In early March, William Li, the CEO and founder of EV maker NIO said chip shortages were affecting the company’s supply chain and the risk of further shortages was quite high. He said NIO’s monthly output in the second quarter would decline by 25% to 7,500 vehicles. The seriousness of the problem hit home when NIO suspended production at its Hefei plant for five working days from March 29. 

The problem, which had been building for months, is not unique to NIO or to China. Leading global automakers, including Daimler, Honda, GM and Ford, had also temporarily halted or slashed production. Automotive is not the only industry hit by the global chip shortage. Semiconductors are also critical to many other consumer goods such as laptops, TVs and smartphones. 

There are many reasons for the shortage. The coronavirus pandemic has generated more demand for electronics such as laptops and gaming consoles that can be used to work from home or

To continue reading, please download the full report.

Your payment was not successful.

Please make sure you have entered your payment details correctly. Or try again in a few moments.

small logo

The discount code you entered is invalid

Please make sure you have entered your discount code correctly. Or try again in a few moments.

Download successful.

Your sample has been sent. Please check your email.

By accessing and using and all pages within the domain (the “Website”), You accept and agree to have read, understood, accepted and agreed to be bound by the Terms of Use and Privacy Policy in full. If you disagree with all or any part of these Terms of Use and Privacy Policy, please do not use or continue any further use of this website. You acknowledge that you are aware that this Website contains an archive of existing content as at 31 December 2021 and is not being actively managed. We are under no obligation to update the content on this Website and, accordingly, no new content or articles will be posted to the Website after 31 December 2021.