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China Stockpiles Chips, Chip-Making Machines to Resist U.S. (1)

Feb. 3, 2021, 10:18 AM

China is taking decisive steps to protect itself from a widening U.S. technology ban, with imports of computer chips and the machines that make them surging last year.

Chinese businesses bought almost $32 billion of equipment used to produce computer chips from Japan, South Korea, Taiwan and elsewhere, a 20% jump from 2019, a Bloomberg analysis of official trade data shows.

And with companies like Huawei Technologies Co. stockpiling supplies ahead of U.S. sanctions, imports of computer chips climbed to almost $380 billion -- making up about 18% of all of China’s imports for the year.

The U.S. ...