China’s chip imports soar in June as manufacturers build up supply amid global shortage

Source: China – South China Morning PostChina’s semiconductor imports continued to grow at a fast clip in June, meeting the country’s huge demand for integrated circuits (ICs) used in the production of smartphones, cars, computers and home appliances amid a lingering global chip shortage.The world’s second-largest economy imported 51.9 billion semiconductor devices in June, the third-biggest volume in a single month after a record high in March and another strong period in April this year, according to the latest figures released on…Read More

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