China’s Chipmaking Power Grows Despite US Effort to Counter It

China’s Chipmaking Power Grows Despite US Effort to Counter It

(Bloomberg) — 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.

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Chinese orders for chip-manufacturing equipment from overseas suppliers rose 58% in 2021, making it the biggest market for those products for a second year running, according to data provided by industry body Semi.

While those figures appeared in April, the flood of machinery headed to…


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