China chip imports drop 12.4% year-on-year in September, govt data

Chip imports into China fell 12.4% year-on-year in September, government data showed

Achieving self-sufficiency for China’s chip industry remains a key political priority for Beijing as Washington continues to focus on China’s semiconductor sector

China’s chip imports fell 12.4% in September, according to official customs data released on Monday, continuing a decline due to tensions with the United States and persistent chip shortages. The country imported 47.6 billion chip units during the month, compared with 54.3 billion units in September 2021, according to data that was due to be released earlier this month but was delayed due to the Communist Party congress.

This maintains the continued downward trend in chip imports.

In the first nine months of 2021, China imported 417.1 billion units of chips, down 12.8% year-on-year.

China’s chip imports surged in 2021 as tensions between the US and China over technology policy escalated and a global chip shortage caused many companies in China to stockpile.

Separate data from the Office for National Statistics showed that domestic chip production fell 16.4% year-on-year to 26.1 billion units in September. For the first nine months of 2022, total output fell 10.8% to 245 billion units.

Making China’s chip industry self-sufficient remains a key political priority for Beijing, especially as Washington continues to focus on progress in China’s semiconductor sector, the latest being a set of sanctions announced by the Biden administration earlier this month.

The sanctions have caused major overseas chip companies to stop supplying key Chinese chip companies, including Yangtze memory Technologies Co (YMTC) and Semiconductor Manufacturing International Corp (SMIC), and makers of advanced artificial intelligence chips to stop supplying companies and laboratories. .

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top
%d bloggers like this: