Hunter Research｜Comparative Report on Semiconductor Capacity Expansion in China, the US, and South Korea

In the current AI-driven semiconductor super cycle, China, the US, and South Korea are engaged in a capacity expansion arms race: China follows a logic of self-controllable national industrial policy; the US is driven by a geopolitical security narrative plus federal funding substitution; South Korea has just formally upgraded corporate-level capacity expansion to a national strategic-level super project through a press conference personally hosted by the president.