China Buys Near-Record $40 Billion of Chip Gear to Beat US Curbs

Imports of the machinery used to make computer chips rose 14% in 2023 to almost $40 billion — the second largest amount by value on record in data going back to 2015, according to Bloomberg calculations based on official customs data. The increase came despite a 5.5% drop in total imports last year, underscoring the … Continue reading China Buys Near-Record $40 Billion of Chip Gear to Beat US Curbs