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@ 2024/01/18US sanctions and deflation hit tech imports
China's chip import value plunged by 15.4 per cent in 2023, from $413 billion to $349 billion.
Chip sales were down everywhere in 2023 because of a weak global economy, but China's chip imports show that its economy might be in trouble.
The country's failure to import top-notch silicon is a big reason for its shrinking chip imports.
In 2022, the value of chip imports to China was $413 billion, and in 2023 the country only imported chips worth a total of $349 billion, a 15.4 per cent drop in value.
That is not that shocking given that TSMC, usually seen as one of the best fabbing firms in the world, saw its sales fall by 4.5 per cent. But a 15.4 per cent drop in shipments is much more serious, and shows China has special problems other than lower demand across the world.
China's chip import value plunged by 15.4 per cent in 2023, from $413 billion to $349 billion.
Chip sales were down everywhere in 2023 because of a weak global economy, but China's chip imports show that its economy might be in trouble.
The country's failure to import top-notch silicon is a big reason for its shrinking chip imports.
In 2022, the value of chip imports to China was $413 billion, and in 2023 the country only imported chips worth a total of $349 billion, a 15.4 per cent drop in value.
That is not that shocking given that TSMC, usually seen as one of the best fabbing firms in the world, saw its sales fall by 4.5 per cent. But a 15.4 per cent drop in shipments is much more serious, and shows China has special problems other than lower demand across the world.
