Gary Ng, the Asia-Pacific economist at Natixis, said on Wednesday that despite the global semiconductor shortage, it is becoming increasingly difficult for China to achieve its goal of self-sufficiency.

However, the expansion of Chinese memory chip makers in the low-end market may pressure suppliers to the memory chip industry, driving down prices.

Gary Ng also pointed out that Yangtze Memory Technologies Corp (YTMC) and ChangXin Memory Technologies(CXMT) represent a new disruptive force in the chip industry. They are expected to help increase global chip capacity by 29 percent between 2020 and 2022. (Tencent Technology)