The most significant drop was a 23% plunge in imports from South Korea, followed by Japan and Taiwan with 16.3% and 20%, respectively.
‘s chip imports are showing signs of incremental improvement, according to recent data from the General Administration of Customs. From January to September, China imported 355.9 billion integrated circuits , which, although down from 416.7 billion during the same period last year, marks a slight uptick in recent months.The total value of these imports fell 19.8% year-on-year to $252.9 billion. However, this is notably better than the 26.7% drop in the first quarter.
This subtle rebound occurs in a tricky global environment. Many Chinese tech companies are grappling with Washington’s export restrictions, which have been strategically deployed to stymie China’s access to high-endtechnology. However, the restrictions have proven to be a double-edged sword. While aiming to curb China’s tech rise, they also affect the U.S. and its allies—major players in the global semiconductor supply chain.
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