<p>➀ European chip giants Infineon, STMicroelectronics, and NXP have recently expressed the importance of the Chinese market and plan to produce chips in China to better serve Chinese customers;</p><p>➁ Infineon is localizing the production of some products in China to meet the needs of Chinese customers and address their concerns about supply security;</p><p>➂ NXP aims to establish a Chinese chip supply chain for its customers and has established a business relationship with SMIC and is exploring partnerships with TSMC Nanjing and Hua Hong Semiconductor;</p><p>➃ STMicroelectronics has announced a partnership with Hua Hong Hongli to produce 40nm MCUs in China by the end of 2025, meeting market demand and optimizing the supply chain;</p><p>➄ STMicroelectronics has been increasing its cooperation with Chinese companies, establishing a joint wafer manufacturing plant in Chongqing for 8-inch silicon carbide chips and setting up a packaging and testing factory in Shenzhen;</p><p>➅ China is the world's largest automotive market and the demand for automotive chips is leading globally, accounting for 23.56% of the global automotive chip market in 2023.</p>