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| China throws down the gauntlet in chip war with US | China throws down the gauntlet in chip war with US |
| (32 minutes later) | |
| Beijing is speeding up efforts to boost microchip output in a push for self-sufficiency | Beijing is speeding up efforts to boost microchip output in a push for self-sufficiency |
| China’s National Bureau of Statistics (NBS) said on Monday that the nation produced 359.4 billion integrated circuits (ICs) in 2021, up 33.3% year on year. The growth comes amid the US-China battle for tech supremacy. | |
| Statistics show last year’s Chinese production marked a significant acceleration from 2020, when its IC output rose 16.2% to 261.3 billion units. In terms of volume, China imported 432.5 billion ICs in 2021, still larger than the country’s output. | Statistics show last year’s Chinese production marked a significant acceleration from 2020, when its IC output rose 16.2% to 261.3 billion units. In terms of volume, China imported 432.5 billion ICs in 2021, still larger than the country’s output. |
| According to a report issued by the US-based Semiconductor Industry Association (SIA), China’s semiconductor industry could account for 17.4% of global sales by 2024, up from 9% in 2020, if its current momentum is maintained.That would make China the world’s No. 3 seller of chips, behind only the US and South Korea. | According to a report issued by the US-based Semiconductor Industry Association (SIA), China’s semiconductor industry could account for 17.4% of global sales by 2024, up from 9% in 2020, if its current momentum is maintained.That would make China the world’s No. 3 seller of chips, behind only the US and South Korea. |
| Semiconductors have been at the center of the trade war between the US and China. The nano-sized silicon wafers are a vital component of technological innovation. | Semiconductors have been at the center of the trade war between the US and China. The nano-sized silicon wafers are a vital component of technological innovation. |
| Chips make up China’s biggest import, topping even crude oil and accounting for more than $300 billion in 2020. Beijing wants to end this dependence, particularly after China’s first global tech brand Huawei was cut off from US technology in 2018 under Washington’s sanctions. | Chips make up China’s biggest import, topping even crude oil and accounting for more than $300 billion in 2020. Beijing wants to end this dependence, particularly after China’s first global tech brand Huawei was cut off from US technology in 2018 under Washington’s sanctions. |
| In 2020, Washington placed sanctions on China’s largest chip maker SMIC. Since then, the Chinese government has turned to domestic tech companies in a drive to become ‘self-reliant’ and has also set a goal for the country to take the global lead in the production of microprocessors. | In 2020, Washington placed sanctions on China’s largest chip maker SMIC. Since then, the Chinese government has turned to domestic tech companies in a drive to become ‘self-reliant’ and has also set a goal for the country to take the global lead in the production of microprocessors. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |