China’s AI chip market is growing rapidly, with chip exports doubling last month, amid U.S. export curbs.
China Chip Export Surge
According to an X post by The Kobeissi Letter on Sunday, China's chip exports surged 100% year-over-year to a record $31 billion in April. This has tripled over the past two years.
Overseas sales of laptops, tablets, and their components spiked 47% from the year-ago month.
Overall, Chinese exports rose 14% year-over-year to $359 billion in April, representing the highest monthly reading on record, per the letter. With this, "Chinese companies were generating ~$500 million in export revenue every hour on average last month," the letter stated.
