China's Chip Imports See Record 15.4% Plunge in 2023

[AleksandarK]

According to new data from Chinese Customs, China's imports of integrated circuits suffered their steepest annual drop on record in 2023, falling 15.4% to $349.4 billion. The decline marks the second straight year of falling chip imports and can be attributed to economic uncertainty and US export controls on advanced semiconductors. Shipment volumes of imported chips also saw a substantial 10.8% year-over-year decrease as demand within China stagnated. The country's important tech manufacturing sector has struggled under strict zero-Covid policies and a lackluster recovery post-pandemic. Flagship manufacturing companies like TSMC recorded modest declines in 2023 sales, though TSMC still forecasts overall growth this year.

Sentiment plunged further when the Biden administration heightened restrictions on China's access to cutting-edge AI-capable chips from NVIDIA and other top American suppliers. The escalating US export controls have choked off China's pipeline to advanced semiconductors needed for AI and supercomputing applications. However, early positive signs for global semiconductor demand have emerged, with worldwide chip sales rising for the first time in over a year this past November. The increase was driven by growing demand for AI and other emerging technologies that rely on advanced computing chips. While the US seeks to limit China's progress in this key strategic area, an inflection point for the battered global chip sector may be nearing.



View at TechPowerUp Main Site | Source

 

[R0H1T]

A more important/relevant number would be exports like PC, phones, routers, tablets, servers(?) et al. Especially their volume!

 

[Daven]

Unfettered capitalism vs. National security. Round one. Fight!

 

[JAB Creations]

Capitalism? No, cronyism. You can't have capitalism without a strong republic with a legitimate government and the US has been an anarchist state since 1871.

Appearance is not substance, substance is substance.

 

[R-T-B]

and the US has been an anarchist state since 1871.

Friggin lol. Siri, remind me when the mob plans to storm the homes battlements please.

To be blatantly clear to anyone, I googled signifigant events in 1871 and the only thing I can see of much significance is this: https://en.wikipedia.org/wiki/Ku_Klux_Klan_Act

I'm pretty sure said user is not protesting the NRA getting a charter by the state of New York, for example. The rest is pretty trivial.

I love politics today.

 

[kondamin]

I think everyone and every enterprise can get what ever chip they want and need trough third parties just like Russians are getting everything they want trough third parties.

the sad state of the global economy is causing that slump in sales.