Union Minister of State for Commerce and Industry Anupriya Patel informed that India s total imports from China increased by nearly 29 percent in the past five years. Annual imports from China rose from USD 89714.23 million to USD 115,419.96 million between 2017-18 and 2021-22
Chip Shortage Spirals Beyond Cars to Phones and Consoles Bloomberg 2/8/2021 Debby Wu, Vlad Savov and Takashi Mochizuki
(Bloomberg) The first hints of trouble emerged in the spring of 2020. The world was in the early throes of a mysterious pandemic, which first obliterated demand then super-charged internet and mobile computing when economies regained their footing. That about-face in a span of months laid the seeds for potentially the most serious shortage in years of the semiconductors that lie at the heart of everything from smartphones to cars and TVs.
Auto and electronics makers that cut back drastically in the early days of the outbreak are now rushing to re-up orders, only to get turned away because chipmakers are stretched to the max supplying smartphone giants like Apple Inc. This week, Qualcomm Inc.’s Cristiano Amon, head of the world’s largest mobile chipmaker, flagged shortages “across the board,” citing the industry’s reliance on ju
China Stockpiles Chips, Chip-Making Machines to Resist U.S.
Bloomberg 2/3/2021
(Bloomberg)
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.