China's Chip Imports Plummet in 2023 Amid New US Export Controls
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China's chip imports fell 15% in the first 9 months of 2023 compared to the same period last year.
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The number of integrated circuits imported dropped from 416.7 billion to 355.9 billion units.
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The total value of chip imports fell 19.8% to $252.9 billion.
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China's imports from major chip suppliers South Korea, Japan, and Taiwan fell sharply.
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The declines come as China faces new US export controls on semiconductors and AI chips.
