Data shows Chinese orders for chipmaking equipment rose 58% YoY in 2021, as some US chipmakers claim Chinese companies are paying above-market prices
China's semiconductor industry is showing signs of flourishing even in the face of Biden administration efforts to counter its growth, raising alarm bells in Washington. Tweets: @briantycangco , @pelstrom , @repmccaul , and @jendeben Tweets: Brian Tycangco / @briantycangco : This wasn't anything if not predictable. Kinda like trying to stop Russian oil & gas from getting to market. Sanctions don't work like they used to - China's Chipmaking Power Grows Despite US Effort to Counter It https://www.bloomberg.com/... Peter Elstrom / @pelstrom : Chinese orders for chip-making equipment rose 58% in 2021, sparking an outcry from critics who say the Biden administration is letting China build its semiconductor industry while domestic US capacity suffers @jendeben @debbywuintaipei @ianmking 🧵 https://www.bloomberg.com/... Michael McCaul / @repmccaul : Semiconductor manufacturing is not a commodity product. These are some of the most sophisticated tools in the world needed to make a technology that is the foundation of our economy and national security. This administration doesn't understand the stakes. https://www.bloomberg.com/... Jenny Leonard / @jendeben : Exclusive: As the US struggles to bolster its chip industry, a flood of machinery heading to China is worrying China hawks inside and outside the Biden administration, and has spurred allegations of foul play and stockpiling. w/ @ianmking @debbywuintaipei https://www.bloomberg.com/...