31.1 C
Delhi

China is importing Computer Chips from Taiwan

In this pandemic, when the world economy is going down, Taiwan’s exports are growing. As per the report, exports of Taiwan have increased by six percent during July-September of this year. This increase is for the high demand for technology business in China. It is said that Chinese technology companies are buying Taiwanese computer chips and semiconductors.

Some of the world’s top computer chips are made in Taiwan. Taiwan now is able to force the companies not to depend on the Chinese market. China wants to develop the latest 5G telecommunication technology.

Alicia Garcia Herrero, the chief Asia-Pacific economist, said “They know they’re not yet able to produce at least the highest-end semiconductors needed for 5G.” She also said that Taiwan is the leader in making top-level semiconductors.

Taiwan’s maximum exports to China are of technology equipment. $27.2 billion of Taiwan’s total $90 billion in exports went to China. More than one-third of the $32.9 billion in exports from the grouping of products that covers semiconductors, was bought by Chinese importers.

- Advertisement -TechnoSports-Ad

As we all know, TSMC is the World’s largest chipmaker and between July to September of this year, the company made an earning of 22% of its total earning from China only.

Brady Wang, market intelligence business Counterpoint Research in Taipei told, “A lot of these goods are being sold in China because China is actually stockpiling inventor. The reason for stockpiling is the recent state of Sino-U.S. relations — not just Huawei.”

Chinese tech companies are aiming for self-reliance by depending less on foreign supply. Garcia Herrero stated, “Self-reliance from China doesn’t mean full self-reliance because they’re not yet ready and I think that’s going to boost in a way that semiconductor industry even further in Taiwan.”

- Advertisement -TechnoSports-Ad

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

TechnoSports-Ad

Popular

TechnoSports-Ad

Related Stories

More from author

Konami and Bloober Team Have Come Up with an Agreement Amid Silent Hill Rumors

Konami and Bloober Team have announced a “strategic cooperation agreement” which says that the two companies will develop games together. While, according to a...

Remedy Has Come Up With a New Title Codenamed Condor

A piece of news has come out on the internet about an upcoming cooperative PvE title codenamed Condor is under development from Remedy Entertainment...

Ncore Games Speaks About The Future of FAU-G Team Deathmatch

A few months back, FAU-G was released for the Indian audience. This made-in-India action game gets a team deathmatch mode or TDM. For the TDM,...

PS5 Game prices get hiked in India, thanks to Ubisoft

Ubisoft has raised its PS4, PS5, Xbox One, and Xbox Series X games in India. IGN first noticed the digital prices for the company’s...