Analysis: in 2020, Chinese firms bought ~$32B of chip-making equipment from overseas, up 20% YoY, while chip imports climbed to ~$380B or 18% of China's imports
Bloomberg : Tweets: @carlminzner and @mtdtl Tweets: Carl Minzner / @carlminzner : China is stockpiling computer chips and the machines that make them to protect itself from a widening U.S. technology ban https://www.bloomberg.com/... via @technology Mathieu Duchtel / @mtdtl : 2020 numbers are quite impressive to say the least: China's imports of chips climbed to $380 billion, imports of equipment increased by 20%. Stocks, industrial policy goals, getting ready for a possible widening of tech transfers restrictions under Biden https://www.bloomberg.com/...