A flood of machinery heading to China draws attention as the US struggles to bolster its domestic chip industry.
China’s semiconductor industry is showing signs of flourishing even in the face of Biden administration efforts to counter its growth, raising alarm bells in Washington.
Chinese orders for chip-manufacturing equipment from overseas suppliers rose 58% in 2021, making it the biggest market for those products for a second year running, according to data provided by industry body Semi.
While those figures appeared in April, the flood of machinery headed to China is now drawing more attention — especially as a legislative push to bolster the US chip industry with investments and incentives falters. The US Commerce Department, meanwhile, appears unwilling to crack down harder on Beijing, irking critics.