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Home Economy

China’s Dutch Chip-Equipment Imports Jump 1,050%

by Tradinghow
December 28, 2023
in Economy, Stock Trading
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China’s Dutch Chip-Equipment Imports Jump 1,050%
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China’s spends on imports of critical chipmaking equipment from the Netherlands surged a whopping 1,050% in value in November, the South China Morning Post reported.

The surge suggests Chinese semiconductor firms are racing to acquire lithography systems before Dutch export curbs on key chipmaking equipment tighten from next year.

The Netherlands is the largest exporter of extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems that are necessary to produce high-end chips.

Dutch firm ASML — the world’s biggest producer of those systems — has gained licences from the Dutch government to continue to sell to Chinese customers up until the end of the year.

China imported 16 Dutch projection systems worth more than $760 million in November, marking a tenfold year-on-year increase, SCMP said. Overall, the country imported 42 lithography systems through the month, worth more than $816 million, it added.

Aside from the Netherlands, Japan was the second major seller of lithography systems to China, the report said.

Read the full report: SCMP

 

 

Also read:

ASML to Ship Top Tech to China Even as Dutch Chip Ban Starts

Chinese Chip Firms Closed at a Record Rate in 2023 – TH

New Huawei Laptop Fuels Talk of Sanctions-Beating 5nm Chip

US Curbs Set Off Sales, Tech Boom for China Chip Equipment Firms

China’s Big Fund Bumps Up Investments in Chip Supply Chains

New Huawei Phone Spurs Fear China Got Around US Chip Curbs

Chinese Tech Giants Rush to Buy Nvidia’s Top AI Chips – FT

 

Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has been working as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a stock market trader and investor, she is keenly interested in economy, emerging markets and the intersections of finance and society. You can tweet to her @saxenavishakha





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