China's aggressive push to develop a domestic semiconductor industry has largely been successful. The country now has fairly advanced fabs that can produce logic chips using 7nm-class process technologies as well as world-class 3D NAND and DRAM memory devices. However, there are numerous high-profile failures due to missed investments, technical shortcomings, and unsustainable business plans. This has resulted in numerous empty fab shells — zombie fabs — around the country, according to DigiTimes .
As of early









