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Relative to 2022
Recent US sanctions have led to a significant drop in chip imports to China in annual terms.
At the end of 2023, imports in monetary terms dropped by 15.4% compared to 2022, to $349 million. This is a record reduction, and it is very significant in itself, since China is actively developing in a technological direction, and for this, among other things, the latest processors and GPUs from Western companies are needed.
It is also important to note that in quantitative terms, shipments fell by 10.8%, which means that the chips that China did not receive were very expensive. We are obviously talking, in particular, about Nvidia accelerators, which were banned from being supplied to China, because Nvidia has not yet produced new ones.