China's IC imports fell 15% last year as U.S. ban on nuclear-bomb-grade chips kicks in (Reuters)
[Financial Channel/Comprehensive Report] Due to weak global demand for electronic products and US semiconductor export restrictions, China's annual integrated circuit (IC) imports in 2022 will drop by 15%, the first decline since 2004.
According to data released by the General Administration of Customs of China on Friday (13th), IC imports fell by 15% last year, from 635.3 billion in 2021 to 538.4 billion, since Bloomberg began tracking the data in 2004. first drop.
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China's purchases of chip-making equipment have declined as the U.S. tightens export restrictions on Chinese semiconductors in an attempt to curb China's development of its semiconductor industry and military capabilities.
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