Chinese manufacturers, which are leaders in the smartphone market, have achieved quite successful works in recent years. Sanctions have been imposed on some Chinese companies by the USA in the past period. Huawei, which has achieved rapid growth in recent years, is at the top of these sanctions. Against the sanctions, China has created a different strategy by stocking processors in 2020. In 2020, China’s total chip imports reached a record high, reaching 380 billion dollars.

 

 

China invests heavily to manufacture processors

Closing the year 2020 by importing record chips, China, on the other hand, is making great investments to produce chips. According to the official trade data analysis announced by Bloomberg; China bought approximately $ 32 billion worth of equipment to manufacture chips in 2020. This figure increased by about 20 percent compared to 2019. Japan, South Korea and Taiwan are among the top countries where China purchases equipment. On the other hand, China’s chip imports increased by about 14 percent in 2020. The biggest reason for this is that the need for computers, smartphones and tablets has increased with the restrictions imposed by the USA and the increase in working from home due to the epidemic we are in. The countries that China imported the most chips are; Include Taiwan, South Korea, Japan, the United States, Malaysia, the Philippines and Vietnam.

See Also
China Welcomes 2021 By Launching A Phoenix!

It is estimated that the demand for chips will increase in 2021. According to the data announced by the International Semiconductor Industry Association, chip demand will increase by 8.4 percent in 2021.

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