US$38B in Chip Gear Sold to China in 2024 Despite Export Controls: Report

TaiwanPlus News

A report from the US House Select Committee on the CCP says US, Dutch and Japanese companies sold about US$38 billion in sophisticated chipmaking equipment to China in 2024 despite export controls. The committee calls the sales a threat to national security and urges expanded rules to close loopholes that allow equipment to be diverted through third countries.

Transcript

00:00Last year, China was able to buy nearly 40 billion U.S. dollars in restricted chipmaking

00:05equipment from companies in the U.S. and in its allied countries, despite export controls.

00:11That's according to a report from a bipartisan committee of U.S. lawmakers.

00:15It found that loopholes in the rules allowed companies like the Netherlands' ASML, Japan's

00:20Tokyo Electron, and U.S.-based applied materials to sell 38 billion U.S. dollars in sophisticated

00:26chipmaking gear to China in 2024.

00:30The U.S. committee says these sales are a threat to national security and is calling

00:34for new, expanded export controls to prevent further sales.

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