Teradyne, a semiconductor testing company, has confirmed that it had to remove $1 billion worth of equipment from China due to supply chain disruptions. The company manufactures automated testing equipment that is crucial for chip fabs worldwide. Teradyne’s global director of compliance, Brian Amero, stated that they had to move manufacturing out of China due to the risks involved. China’s reliance on foreign supply chains for its semiconductor industry has been highlighted in previous reports. The country’s semiconductor equipment imports have seen a significant decrease, prompting China to launch a fund to reduce this reliance. Beijing aims for its industry to use 70% locally produced equipment.
2024-02-05 17:00:03
Article from www.computerworld.com