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US restrictions see China’s chip imports plummet 27% in first two months of 2023

March 7, 2023

Via: TechSpot

According to China’s General Administration of Customs data published Tuesday (via The South China Morning Post), the country imported 67.6 billion integrated circuits (IC) in January and February. That’s down 26.5% from the same period last year, and higher than the 15.3% fall recorded for the entirety of 2022.

The total value of these imports also declined, from $68.8 billion last year to $47.8 billion, a drop of 30.5%. That’s partly due to chip prices that have fallen due to oversupply and the general economic downturn.

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