GAME OVER! China Announces Ban on Importing US Chips, Micron Lost Over $17 Billion #china #chips

#china #chinanews #chips #usa #semiconductor Chips, this tiny but extremely important semiconductor device, have now become the backbone of modern technology and economy. At the same time, China, a huge market, also plays a pivotal role in the global chip market. According to statistics, China imported a staggering 543.5 billion chips in 2019, with total imports approaching US$350 billion. By 2020, this number has further increased to 635.4 billion chips, making China the world’s largest chip importer. But this was all before the United States imposed sanctions on China’s semiconductor industry. However, as China has made important breakthroughs in the fields of 5G technology and semiconductors, the United States and its allies have adopted a series of restrictive measures against China, the most serious of which are restrictions on China’s exports of lithography machine—chips and other products。 However, the situation now seems to have changed significantly. According to the latest news, the Chinese government seems to be planning to ban the import of chips from the US company Micron, and this ban is expected to be officially implemented in the next few months. Some industry insiders analyzed that Micron is a well-known semiconductor manufacturer in the United States, and its products are widely used in various fields. China’s decision will cost Micron more than US$17 billion. So, why is China obviously in need of a large number of chips, but now it bans the import of chips produced by Micron? Does this mean China is fighting back against the United States in the semiconductor field? ---------------------------------------------------------------------