Chinese exports of advanced chip gear reached $38B, up 66% from 2022 despite ban

Chinese companies scooped up nearly $40 billion worth of advanced chipmaking equipment, exposing big holes in ￰0￱ to block their semiconductor progress. A bipartisan probe by the ￰1￱ Select Committee on China reported troubling findings. America’s restrictions don’t line up with what Japan and the Netherlands are ￰2￱ result? Japanese and Dutch companies kept selling gear to Chinese buyers that ￰3￱ couldn’t ￰4￱ want broader bans ￰5￱ of going after specific Chinese companies, they’re pushing for blanket restrictions on all of them, according to ￰6￱ buyers spent $38 billion on equipment from the five biggest chipmaking tool suppliers last year.

That’s a 66% spike from 2022, right when these export controls kicked ￰7￱ purchases ate up nearly 39% of total sales from Applied Materials, Lam Research, KLA, ASML, and Tokyo ￰8￱ warns about bigger problems ￰9￱ keep saying China’s chipmaking abilities threaten national ￰10￱ chips power everything from AI systems to military ￰11￱ superpowers are racing to sell cutting-edge tech like AI data centers to other countries ￰12￱ committee didn’t mince ￰13￱ equipment sales helped China get better at making all kinds of semiconductors, which has “profound implications for human rights and democratic values around the world.” Mark Dougherty runs Tokyo Electron’s ￰14￱ told reporters that sales to China started dropping this year, thanks to new rules and better coordination between American and Japanese ￰15￱ he admitted the U.

S. hasn’t hit its target ￰16￱ Materials and Lam Research didn’t respond to requests for ￰17￱ and KLA said they needed to see the full report ￰18￱ committee mentioned that all the toolmakers cooperated during their investigation and got briefed on what they ￰19￱ firms tied to Huawei scheme Three Chinese companies caught special ￰20￱ Technology Co, Shenzhen Pengxinxu Technology Co, and SiEn (Qingdao) Integrated Circuits Co. They’ve become huge customers for toolmaking ￰21￱ year, committee leaders John Moolenaar (a Michigan Republican) and Raja Krishnamoorthi (an Illinois Democrat) sent a letter to the Commerce ￰22￱ claimed these firms had links to a secret network propping up Huawei ￰23￱ banned exports to all three in ￰24￱ investigation showed how different enforcement creates ￰25￱ ￰26￱ specific sales to certain Chinese ￰27￱ companies in Japan and the Netherlands kept selling similar equipment to those exact same ￰28￱ want tighter teamwork between allied countries.

They’re also calling for broader limits, including bans on components China could use to build its own chipmaking ￰29￱ Democratic and Republican administrations tried to control China’s access to chipmaking ￰30￱ the current setup has serious ￰31￱ countries aren’t enforcing uniform ￰32￱ let Chinese companies grab tens of billions worth of advanced equipment, potentially wrecking the security goals these restrictions were supposed to ￰33￱ $50 free to trade crypto when you sign up to Bybit now