China's imports of semiconductor manufacturing equipment fell 40% year-on-year in November due to U.S. export control measures.

(Reuters)

[Financial Channel/Comprehensive Report] The Wall Street Journal reported that China's imports of semiconductor manufacturing equipment fell sharply in November due to the impact of US export control measures.

Chinese customers bought $2.3 billion worth of chip-making equipment in November, down 40 percent from a year earlier, according to China's General Administration of Customs.

Customs data showed semiconductor imports in November hit the lowest level since May 2020, down sharply from a recent peak of $4 billion in June 2021.

The drop in imports follows Washington in October imposing new restrictions on exports of advanced semiconductor and chip-making equipment to China.

The U.S. Commerce Department said at the time it wanted to prevent U.S. technology from enhancing China’s military and surveillance capabilities.

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Data released by Beijing showed that imports of chip-making equipment from major trading partners including the United States, Japan, South Korea and the Netherlands all fell after the new U.S. rules.

The decline in China's imports of chip-making equipment from these countries suggests that Washington's move is having an immediate effect.

Imports of chip-making equipment from the U.S. fell to $349 million in November, about half the amount China bought from the U.S. last year and down nearly 30 percent from September, before the new rules were announced.

Shipments from Japan, one of the largest suppliers of chip-making equipment to China, fell 40% to $687 million in November.

Meanwhile, imports to South Korea fell 50 percent in November from September to $227 million.

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