The House Select Committee on the Chinese Communist Party said on Tuesday 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 highlighted 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 more than $38 billion worth of semiconductor manufacturing equipment last year, according to the report, and did so legally. About $26.2 billion of these sales were to Chinese state-owned enterprises….