Tightening chip controls from the Biden administration and a persistent slump in semiconductor sales are continuing to squeeze China’s tech sector, with both the country’s exports and imports of chips falling steeply in the first two months of the year.
China’s chip imports by volume fell 26.5% in the first months of 2023, compared to the same period a year earlier, according to the South China Morning Post, citing Chinese customs data. Chip exports for January and February also dropped 20.9% year-on-year.
