China's chip exports surge 96% in first half of 2024 amid AI boom
China's integrated circuit exports nearly doubled in the first half of 2024, driven by global AI demand. Customs data shows 179.44 billion ICs worth US$177.28 billion were exported, up 96% year-on-year. Exports of automatic data processing machines and parts rose 41.3% to US$138.08 billion. The surge underscores China's shift toward technology-led export growth despite trade challenges. Vice-minister Wang Jun attributed the growth to matching 'Made in China' products with global demand. Beijing promotes domestic chip adoption while recently approving Nvidia's H200 GPU sales to select Chinese firms.
Key facts
- China exported 179.44 billion integrated circuits in H1 2024
- IC exports totaled US$177.28 billion, up 96% year-on-year
- Exports of automatic data processing machines and parts rose 41.3% to US$138.08 billion
- Data released by General Administration of Customs on Tuesday
- Surge driven by global AI boom and demand for hi-tech products
- Vice-minister Wang Jun commented on export growth
- Beijing promotes domestic chip self-reliance
- China approved Nvidia H200 GPU sales to select tech companies
Entities
Institutions
- General Administration of Customs
- Nvidia
Locations
- China
- Beijing