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China chip equipment imports plunged 40% y/y in November - worst since May 2020

China chip equipment imports plunged 40% y/y in November - worst since May 2020

Via the Wall Street Journal:

  • China chip equipment imports plunge 40% year-on-year in November to US$2.3 billion
  • lowest level in 2-years
  • the worst since May 2020

Adds the Journal:

  • The drop in imports followed new restrictions imposed in October by Washington on the export of advanced semiconductors and chip-manufacturing equipment to China. The Commerce Department said at the time that it wanted to prevent American technology from advancing Ch... Read More
Posted: Dec 23 2022, 00:22
Author Name: forexlive
Views: 111668

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