The news: The global value of U.S. chip imports has grown nearly 10% compared to the previous year, driven partly by outsourcing chip production to more cost-effective sites in Asia — which claims an 85% share of shipments. Details: India's semiconductor imports to the U.S. rose significantly this year, reaching two-thirds of China's shipments, compared to less than 2% last year. Vietnam and Thailand saw year-over-year growth of 57% and 73% respectively, while Cambodia posted an over 530% increase in chip import value to the U.S. The big picture: India in particular aims to become a competitive alternative to China in the semiconductor sector amid the U.S.-China chip war. A recent memo of understanding between India and the U.S. aims to establish a semiconductor supply chain, reducing global dependence on China.
|
