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Home World Asia Pacific

China races to stockpile US chips before Trump ramps up sanctions

21 November 2024
in Asia Pacific
China races to stockpile US chips before Trump ramps up sanctions
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China is increasing its efforts to stockpile microchips from the US to prepare for potential sanctions from the incoming administration of president-elect Donald Trump, with purchases reaching US$1.11 billion in October, a 60 per cent increase from last year. China has imported US$9.61 billion of microchips from the US over the first 10 months of the year, focusing on CPU-based processors and controllers, as well as chips for storage and signal amplification, to meet its demand for chip production. Despite facing challenges in developing advanced chips, China’s increased imports are crucial for the profitability and sustainability of chip production.

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Tags: ChinachipsRacesRampssanctionsStockpileTrump
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