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China’s Import of Chipmaking Equipment Hits Record High Amid Looming Taiwan Conflict
Elderberry:
Legal Insurrection by Vijeta Uniyal 8/26/2023
China’s Import of Chipmaking Equipment Hits Record High Amid Looming Taiwan Conflict
Financial 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.
More: https://legalinsurrection.com/2023/08/chinas-import-of-chipmaking-equipment-hits-record-high-amid-looming-taiwan-conflict/
sneakypete:
Looks like the Commie Masters in China are all for capitalism,as long as they are the only ones that profit.
GtHawk:
--- Quote from: sneakypete on August 27, 2023, 12:15:58 pm ---Looks like the Commie Masters in China are all for capitalism,as long as they are the only ones that profit.
--- End quote ---
Looks like once again China has a game plan, with all the equipment they are buying and then taking Taiwan they will have the world by the shorthairs as far as chips.
Smokin Joe:
--- Quote from: GtHawk on August 27, 2023, 06:19:29 pm ---Looks like once again China has a game plan, with all the equipment they are buying and then taking Taiwan they will have the world by the shorthairs as far as chips.
--- End quote ---
If they can roll their own chips, they don't need to worry about taking Taiwan, just denying us that supply.
As far as the US not producing chips--or the minerals critical to making the, this is a self inflicted wound. Thank an enviro weenie next time you see one.
kevindavis007:
Given how horrible everything is made in China, I imagine the Chips are not going to be good.
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