Will Chinese "overproduction" of semiconductor chips swamp the market?Wednesday is turning into a bad day to own semiconductor stocks -- and China is the reason. Late last night, the South China Morning Post reported that semiconductor chip output in the Middle Kingdom surged 40% in the first quarter -- more than twice as fast as total global semiconductor sales, according to data from the Semi global semiconductor manufacturers association. Shares of leading chipmaker Advanced Micro Devices (AMD -4.66%) ar ...