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China's chipmakers bought $38 billion in U.S. and allied tools, a sign policy is failing, lawmakers find
Chinese semiconductor firms increased purchases of advanced chipmaking equipment by 66% in 2024, revealing gaps in export controls by the US and allied countries, a congressional report found.
- Last year, Chinese firms engaged in the semiconductor industry bought nearly $40 billion of sophisticated chipmaking gear despite export curbs, a bipartisan investigation by US lawmakers found.
- Export-Control gaps between the United States, Japan and the Netherlands allowed sales to China despite restrictions introduced in 2022 to limit chip production for national security.
- Sales records from the five top suppliers reveal $38bn in legal sales to Chinese firms last year, a 66% increase from 2022 and nearly 39% of their total sales.
- The select committee urged broader allied bans on chipmaking tool sales to China, while Tokyo Electron's US unit welcomed closer US-Japan coordination as China sales decline this year.
- The report warned the sales made China more competitive with wide implications for human rights and democratic values, and three firms were later barred from U.S. exports in December due to alleged Huawei Technologies ties.
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China's chipmakers bought $38 billion in U.S. and allied tools, a sign policy is failing, lawmakers find
Gaps in efforts by the U.S. and allies to restrict China's ability to manufacture advanced computing chips have allowed China to buy nearly $40 billion of sophisticated chipmaking gear, according to a bipartisan investigation by U.S. lawmakers.
·United Kingdom
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China's chipmakers buy US$38 billion in US and allied tools in 2024 despite restriction efforts
SAN FRANCISCO: Gaps in efforts by the United States and allies to restrict China's ability to manufacture advanced computing chips have allowed China to buy nearly US$40 billion of sophisticated ch
·Singapore
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Coverage Details
Total News Sources7
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
Factuality
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