Chip War Escalates! They Demand US to Foot the Bill as China don’t buy their chips!

According to recent trade data, major chip giants in Europe, America, Japan, South Korea, and other countries are facing a significant order crisis, as China’s chip imports have declined. In terms of quantity, China imported 60.8 billion fewer chips this year compared to last year. The decline in value is even more significant, with chip imports worth over 450 billion yuan less this year. China has found alternative sources for the chips it needs within its own chip manufacturing companies, indicating advancements in China’s chip industry. The performance of chips used in Huawei smartphones has surprised experts, and China’s exports in the new energy vehicle industry rely on domestically produced chips. The decline in chip prices indicates China’s growing competitiveness in the chip industry, putting pressure on overseas chip companies. Qualcomm and Texas Instruments are preparing for price reductions to compete for Chinese orders, while chip companies from Europe, Japan, and South Korea are f