China recently announced its plan to increase production capacity using 12nm and 14nm technologies by the end of 2022, the Commercial Daily reported by June 24. In addition, China reportedly is poised to mass produce chips using 28nm technology in 2021. Instead of state-of-art processes, Chinese chipmakers and chip designers are to focus mainly on the fabrication of chips using mature technologies to support local manufacturers in the areas of automobiles, consumer electronics, smartphones, and IoT (Internet of Things). Meanwhile, Taiwanese foundry industry’s shipment value grew from US$37.5 billion in 2019 to US$49.1 billion in 2020, up 31% year-on-year, according to MIC (Market Intelligence & Consulting Institute), a major government think tank and leading IT research institute in Taiwan. MIC predicts the global and Taiwan semiconductor industry’s shipment value will reach US$475.3 billion and NT$3.4 trillion (US$123.2 billion) in 2021, respectively.