Price of Chips in China Black Market Skyrocket Due to US Controls, Report Says

Prices of certain chips sold in China's black market have risen "by 500 times" since the U.S. announced new semiconductor-related export controls earlier this year, according to an unofficial translation of a Dec. 27 report by United Daily News in Taiwan. The report said "the demand for high-end chips in mainland China is hot, making local black market transactions hot" and "chip smuggling increasingly rampant."