In 2013, Shenzhen imported over $72.3 billion of integrated circuits, according to data from the U.S. Department of Commerce. While Beijing has aggressively pushed for Chinese fun88 firms to develop the country’s own domestic semiconductor industry and cut its reliance on foreign imports, innovation at home lags. A major part of U.S.–China trade tensions this year was the White House’s decision to punish Chinese telecom firm ZTE—after the company broke an agreement to discipline executives who conspired to evade U.S. sanctions on Iran and North Korea—by barring U.S. suppliers from selling tech parts to the company. The move essentially led ZTE to grind to a halt. In June, the United States reached a deal with China to lift the ban, in exchange for ZTE paying a $1.4 billion fine and making changes to its senior management.