China’s 2024 chip imports surged 10.4% to US$385 billion amid tighter US tech sanctions

Quick Summary:

Many Chinese firms stockpiled chips ahead of the planned roll-out of more expansive and stringent trade sanctions by Washington.

Some Chinese companies have managed to circumvent the restrictions by procuring advanced chips from third-party suppliers in countries not covered by the measures.

Visitors attend the 2024 World Semiconductor Congress in Nanjing, China, June 5, 2024.

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Article Details

Author / Journalist: Ben Jiang

Category: Technology

Markets: Hong KongChina

Topics: China’s Administration Chip China Imports Surged Chinese Chips Year 2024 Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-13 @ 19:00:16 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 215 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25105481

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