Legal Insurrection by Vijeta Uniyal 8/26/2023
China’s Import of Chipmaking Equipment Hits Record High Amid Looming Taiwan ConflictFinancial Times UK: “China’s imports of semiconductor equipment have surged to record highs.”Despite U.S. sanctions, China is building up its chipmaking capabilities at breakneck speed by importing manufacturing equipment at a record pace. “China’s imports of semiconductor equipment have surged to record highs,” the UK daily Financial Times reported Friday as China increases naval and military buildup around Taiwan.
Beijing is upgrading its chip manufacturing capabilities as it restricts the U.S. from procuring raw material needed for cutting-edge microchips. Last month, China banned the export of critical minerals used in high-performance chips, particularly those needed in the production of defense systems. “China set export restrictions on two minerals the U.S. says are critical to the production of semiconductors, missile systems and solar cells,” The Wall Street Journal reported July 4.
The Financial Times reported:
China’s imports of semiconductor equipment have surged to record highs ahead of the implementation of export curbs by US allies.
Chinese customs data shows the country’s chip production tool imports in June and July totalled nearly $5bn, up 70 per cent from $2.9bn in the same period last year.
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