China’s chip imports fell 12.4% year-on-year in September, State Government Data

China’s chip imports fell 12.4% in September, according to official customs data released on Monday, further falling amid tensions with the United States and ongoing chip shortages.

This country imported 47.6 billion VND Chips the number of units for the month, compared with 54.3 billion units in September 2021, according to the data, was due for release earlier this month but was delayed due to the Communist Party Congress.

That maintains the continued downward trend for chip imports.

In the first nine months of 2021, China imported 417.1 billion chip units, down 12.8% year-on-year.

Chip imports to China will increase sharply in 2021, as tensions between the US and China over technology policy escalate and global chip shortages prompt many companies in China to stockpile supplies.

Separate data from the National Bureau of Statistics showed that domestic chip production in September fell 16.4 percent year-on-year to 26.1 billion units. In the first nine months of 2022, total production fell 10.8% to 245 billion units.

Achieving self-sufficiency for China’s chip industry remains an important policy priority for Beijing, especially as Washington continues to target China’s progress. Semiconductors sector, with the latest being a series of sanctions announced by the Biden administration earlier this month.

The sanctions have caused major overseas chip-making equipment companies to stop supplying key Chinese chip companies, including Yangtze Memory Technology (YMTC) and Semiconductor Manufacturing International (SMIC)and advanced manufacturers artificial intelligence chips are discontinued to companies and laboratories.

In other news, Apple Nikkei reported on Monday that it has postponed plans to use memory chips from China’s Yangtze Memory Technologies (YMTC) in its products, after Washington imposed tighter export controls on Chinese technology companies. Apple originally planned to start using state-funded YMTC NAND flash memory chips earlier this year, Nikkei said, citing people familiar with the matter. Initially, this chip was planned to be used only for iPhone models sold in the Chinese market.

© Thomson Reuters 2022

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