China's Ministry of Commerce has called on countries to join forces against what it describes as U.S. economic coercion in the global semiconductor industry. 📢
On Friday, a ministry spokesperson responded to reports that the U.S. is considering tougher measures to push companies from nations like Japan and the Netherlands to further restrict chip exports to China. 🇺🇸🚫🇨🇳
China hopes that these countries will stick to market principles and honor their contracts, resisting U.S. pressure. The goal? To safeguard the stability of global industrial and supply chains. 🌐🔗
\"The semiconductor sector has become highly globalized over decades, thanks to market laws and the choices of enterprises,\" the spokesperson noted. 💡🌍
Accusing the U.S. of overstretching the concept of national security, the ministry said that America has been abusing export controls and splitting the global chip market. This, they argue, interferes with normal economic and trade exchanges between companies worldwide. 🛑🌎
China firmly opposes these practices, stating that they stray far from free trade principles and multilateral trade rules, impacting global supply chain stability. ✋🌐
As the tech world watches closely, the call is clear: unite to keep the global chip industry connected and thriving! 💪💾
Reference(s):
China urges countries to resist U.S. coercion in semiconductor sector
cgtn.com
