TAIPEI/SEOUL -- China bought a record amount of foreign chipmaking equipment in 2024 as part of efforts to massively expand domestic chip production as well as build up stockpiles of key tools amid rising tensions with the U.S.
Shipments from Singapore, South Korea and Malaysia also rose in 2024
The Netherlands, home to ASML, has been a major winner from China's rush to import chipmaking equipment to fuel expansion and stave off geopolitical uncertainty. © Reuters
TAIPEI/SEOUL -- China bought a record amount of foreign chipmaking equipment in 2024 as part of efforts to massively expand domestic chip production as well as build up stockpiles of key tools amid rising tensions with the U.S.