Recent data from China’s General Administration of Customs indicate that despite growing U.S. pressure, chip shipments to China have decreased 13.2% to 458 billion in the first ten months of the year.
In October, President Joe Biden signed an executive order banning the use of foreign-made chips. The restrictions apply not only to US companies, but also to other companies that use US technology. The order forced US chipmakers in China to choose between resigning or losing their citizenship.
As a result, American executives and engineers working in semiconductor manufacturing in China lost their jobs. Earlier, the Japanese government reported that it plans to allocate about 2.38 billion dollars to establish a joint research and development center with the United States for the development of the next generation of 2 nano chips.
By 2030, Intel plans to become the second largest contract manufacturer of processors and other chips in the world.