Defying US pressure, China ramps up chipmaking machinery imports by 14% in 2023, spends $40b

In a bid to circumvent US-led restrictions on its semiconductor industry, China significantly increased its imports of chipmaking equipment in 2023, spending up to $40 billion, according to a Bloomberg…

Continue ReadingDefying US pressure, China ramps up chipmaking machinery imports by 14% in 2023, spends $40b