China's semiconductor import value saw a significant decline in 2023, with chip imports falling by a record 15% compared to the previous year. This drop is attributed to a combination of U.S. export sanctions, China's own efforts to increase semiconductor production domestically, and a global decrease in demand for electronics. Additionally, Taiwanese investment in China plummeted by 40% in 2023 to $3.04 billion, marking the lowest level of Taiwanese investment in China since 2001. The reduction in investment is seen as a protective measure by Taiwanese firms amidst escalating technology disputes between Washington and Beijing.
China just experienced the worst drop in semiconductor imports ever during 2023 🐉 https://t.co/uI48a6rSLp
China's Chip Imports Fell By a Record 15% Due To US Sanctions, Globally Weaker Demand https://t.co/aTXb63qlPL
#Taiwanese Investment in #China Dropped 40% in 2023 Taiwanese investment in China in 2023 totaled US$3 billion, a 40% drop from the year before and the lowest amount in over 20 years. Via TaiwanPlus News. https://t.co/AfefpAir1O
"Taiwanese firms slashed investment into #China last yr to the lowest since 2001, a sign cos are moving to protect themselves as tech disputes bt Washington & Beijing escalate...New spending into China by #Taiwan firms declined 39.8% YoY to $3.04B" https://t.co/YCSC8UTFcZ
In 2023, #China saw its #semiconductor #import value drop by more than 15%, likely due to US export sanctions, China's indigenization efforts, and lackluster demand for electronics. https://t.co/3bJtgd1WRd
China's chip imports fell by a record 15% due to U.S. sanctions and globally weaker demand https://t.co/ZuAduvIUvi https://t.co/4a0MbtkdoO