China chip imports drop 12.4% year-on-year in September, govt data
The Hindu
Achieving self-sufficiency for China's chip industry remains a key policy priority for Beijing as Washington continues to target China's semiconductor sector
China's chip imports fell 12.4% in September, according to official customs data published on Monday, continuing a decline amid tensions with the United States and an ongoing chip shortage.
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The country imported 47.6 billion chip units during the month, compared with 54.3 billion units in September 2021, according to the data, which had been due for release earlier this month but was delayed due to the Communist Party Congress.
That maintains an ongoing downward trend for chip imports.
In the first nine months of 2021, China imported 417.1 billion units of chips, down 12.8% year-on-year.
Chip imports to China surged in 2021, as tensions between the U.S. and China over technology policy escalated and a global chip shortage caused many companies in China to stockpile supplies.
Separate data from the National Bureau of Statistics showed that domestic chip output in September fell 16.4% year-on-year to 26.1 billion units. In the first nine months of 2022, total output fell 10.8% to 245 billion units.