China's chip exports reached $141 billion in 2024, up 20.3%, despite U.S. sanctions.

Despite US sanctions, China's chip exports surged 20.3% to $141 billion in the first 11 months of 2024. The growth is attributed to strong government support and policy guidance, which have spurred innovation and improved self-sufficiency in chip production. While China faces challenges in advanced manufacturing under US restrictions, the industry has flourished, driven by new technologies like 5G and AI.

2 months ago
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