Chinese Demand for Semiconductors Rising Amid US Export Restrictions, China Says
China has seen a steady increase in demand for imports of semiconductors since January, China’s Commerce Ministry told reporters Sept. 10, according to an unofficial translation of a press conference transcript. A ministry spokesperson said China imported 15% more semiconductors…
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from January to August compared with the same period last year, citing the COVID-19 pandemic and greater demand for computers, tablets and “medical electronics” due to distance working and learning. China has also been “actively stocking and increasing procurement efforts” of semiconductors as the U.S. has increased export restrictions on chips to Huawei (see 2008210045). The spokesperson said China’s increased demand has been “the main driving force for the growth of the global semiconductor market.”