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Chip imports to China in 2022 fall for the first time since 2004.
Chip shipments to China in 2022 were lower than a year earlier. This happened for the first time in almost two decades. China imported 538.4 billion chips last year, according to China's General Administration of Customs. This is 15% less than in 2021, when 635.6 billion integrated circuits were imported.
This is the first time since 2004 that China's chip imports have declined. For comparison, in 2021, 2020 and 2019 this indicator grew by 17, 22 and 6.6 percent, respectively.
The drop in shipments comes amid tightening trade sanctions by the US government, which bans the sale of advanced chips to China. Last year, the US imposed export restrictions on certain types of semiconductors that could be used for artificial intelligence programs and supercomputers. Thus, the American authorities are trying to limit China's aspirations to develop its own production of microcircuits and strengthen its military potential.
Against the background of weakening demand for electronics and export restrictions from the United States, China also reduced the volume of purchases of equipment for the production of chips. In addition, the country is also slowing down investment in its own chip manufacturing to compete with the US as new outbreaks of COVID-19 put additional pressure on its financial sector.