An employee makes a chip at a factory of Jiejie Semiconductor Company in Nantong, in eastern China's Jiangsu province on March 17. Photo: AFP An employee makes a chip at a factory of Jiejie Semiconductor Company in Nantong, in eastern China's Jiangsu province on March 17. Photo: AFP
An employee makes a chip at a factory of Jiejie Semiconductor Company in Nantong, in eastern China's Jiangsu province on March 17. Photo: AFP

Three Chinese chip distributors fined for abnormal price increases as prolonged chip shortage raises costs for carmakers

  • China’s market regulator fined the chip distributors nearly US$390,000 for price increases above what it considers the normal 7 to 10 per cent
  • The global chip shortage has hit China’s automotive industry especially hard, as the country relies on imports for 90 per cent of semiconductor products

Topic |   Semiconductors
An employee makes a chip at a factory of Jiejie Semiconductor Company in Nantong, in eastern China's Jiangsu province on March 17. Photo: AFP An employee makes a chip at a factory of Jiejie Semiconductor Company in Nantong, in eastern China's Jiangsu province on March 17. Photo: AFP
An employee makes a chip at a factory of Jiejie Semiconductor Company in Nantong, in eastern China's Jiangsu province on March 17. Photo: AFP
READ FULL ARTICLE