The House Select Committee on the Chinese Communist Party stated on Oct. 7 that key semiconductor manufacturing equipment (SME) companies have sold China the tech it needs to fuel its military modernization on a “large-scale” basis.
The lawmakers released a report on Oct. 7 that highlights how China remains one of the biggest customers in the chips supply chain despite years of increasing restrictions.
“China is still buying vast quantities of highly sophisticated SME from the United States, Japan, and the Netherlands,” the report reads.
Chinese firms bought semiconductor manufacturing equipment worth more than $38 billion in 2024, according to the report, and did so legally. About $26.2 billion of these sales were to Chinese state-owned enterprises….
Probe Finds Loopholes Fuel China’s Chipmaking Industry
