ASML, AMAT Among Firms That Sold Record $26 Billion Chip Equipment To China Through July

According to government data compiled by Bloomberg, China continues to import semiconductor equipment at a record setting pace, with most orders coming from older generation machines. Due to its criticality in enabling advanced industries such as artificial intelligence and supercomputing, semiconductor equipment has become one of the most scrutinized industrial machinery in the world. This has led to sanctions against China by the US due to American concerns of US origin technologies being used to harm American national security. These restrictions have forced China to buy older equipment in order to keep pace with its domestic demand for chip products. […]

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