China is stockpiling equipment, taking advantage of the gap between the introduction of export restrictions: the US announced it in October 2022, and Japan and the Netherlands in July and September 2023, respectively.
Despite some restrictions, Chinese companies are buying American equipment for chip production, writes Reuters.
It is reported that export restrictions will be introduced by the US presidential administration in 2022: from then on, Chinese chip manufacturers will be prohibited from obtaining tools from the US for their production if they are used for advanced chips.
But because the Commerce Department uses the 14-nanometer limit, importers can often buy equipment if they say they’re using something bought off an old production line and with limited testing capabilities.
China is stockpiling equipment, taking advantage of the gap between the introduction of export restrictions: the US announced it in October 2022, and Japan and the Netherlands in July and September 2023, respectively.
It is noted that from January to August 2023, China imported semiconductor manufacturing equipment from the Netherlands worth $3.2 billion, which is 96.1% more than the same period in 2022 ($1.7 billion). In the first eight months of 2023, China’s semiconductor equipment imports from all countries reached US$13.8 billion.
It was previously reported that the United States would tighten restrictions on chip sales to China. The US is also working to prevent American chipmakers from selling semiconductors to China, circumventing government restrictions.
China to create $40 billion fund for microchip production – media
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.