China increasing capacity at mature nodes

The result could be a price war in mature process products  and increasing localisation for driver ICs, CMOS image sensors, and  power discretes.

Leading China’s charge are:  SMIC, HuaHong and Nexchip:

SMIC’s 28HV and Nexchip’s 40HV are gearing up for mass production in 4Q23 and 1H24 respectively; 

SMIC and Nexchip are ramping up CMOS image sensor processes in the 45/40nm and 50/55nm ranges; 

Grace, SMIC, Nexchip, CanSemi, GTA and CRMicro are expanding  capacity for power discretes like IGBTs and MOSFETs.