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China Still Buying $300 Billion of Chips From U.S., Elsewhere

  • Nation is biggest source of global chip industry’s growth
  • Domestic companies are stepping up investments amid U.S. curbs
Inside the MWC Shanghai Exhibition
Photographer: Qilai Shen/Bloomberg

China will import $300 billion of semiconductors for the third straight year, underscoring how the world’s No. 2 economy remains tied to America despite billions invested in local chip-making know-how.

Tech giants from Huawei Technologies Co. to Tsinghua Unigroup Co. and China Electronics Corp. are at the forefront of Beijing’s efforts to wean itself off U.S, technology, investing in cutting-edge AI chips, design software tools and memory. Yet decoupling from the U.S. threatens the global economy and is impossible for now despite major advances domestically, Wei Shaojun, vice chairman of China Semiconductor Industry Association, told the World Semiconductor Conference in Nanjing.