China’s chip imports fall 17 per cent by volume in first seven months amid ongoing tech war
- The fall in IC import volume compared with an 18.5 per cent year-on-year drop in import volume in the first half
- China imported 42.4 billion units of IC in July alone, up 2.6 per cent from a month earlier
China imported a total of 270.2 billion units of integrated circuits (IC) in the first seven months of 2023, down 16.8 per cent from the same period last year and showing a modest improving trend despite tougher trade restrictions imposed by the US and its allies.
The fall in IC import volume compared with an 18.5 per cent year-on-year drop in import volume in the first half, and a 22.9 per cent decline in the first three months.
China imported 42.4 billion units of IC in July alone, up 2.6 per cent from a month earlier, according to data published by the General Administration of Customs on Tuesday.
The data comes as China’s domestic chip market slowly recovers from sluggish consumer demand and various economic headwinds.
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Smartphone shipments in China also posted a narrower year-on-year decline of 2.1 per cent in the second quarter, as discounts on Apple’s iPhone 14 helped stimulate local demand and US-blacklisted Huawei Technologies returned to the market’s top-five ranking, according to technology research firm IDC.