Semiconductor production began to move away from traditional centers.
The first winners this year were Thailand, Vietnam, India, and Cambodia as semiconductor production started to shift away from traditional hubs like China and Taiwan.
In February, US chip imports increased 17% year over year to $4.86 billion, with 83% of that sum coming from Asia.
The US expresses concern about its dependence on foreign suppliers.
To develop the most cutting-edge semiconductors, US officials are becoming increasingly concerned about their country’s excessive reliance on overseas suppliers like Taiwan and South Korea.
According to US Secretary of Commerce Gina Raimondo, “Our dependence on Taiwan for semiconductors is unsustainable and unsafe.”
Semiconductors are a crucial part of intelligence in a variety of devices, including computers, smartphones, and home appliances. As a result of the deteriorating relations between Washington and Beijing, each nation has been compelled to reconsider its supply strategies for semiconductors.
According to data from February, the US is diversifying its electronics supply chain, among other things, by moving Apple Inc.’s iPhone manufacture gradually from China to India.