Looks like the chip wars just got a new twist! 🧩
On Thursday, the Chinese mainland condemned the United States' latest semiconductor export controls, saying they disrupt market rules and the international trade order.
A spokesperson from the Chinese Ministry of Commerce highlighted that the US's new restrictions create uncertainty in the semiconductor sector. China has vowed to take necessary measures to protect its legitimate rights. ✊
So, what's the scoop? On Monday, the US Commerce Department added 140 Chinese companies to its \"entity list,\" tightening controls on the export of semiconductor manufacturing equipment and high-bandwidth memory chips to China. 😲
In response, China's major industry associations are urging local companies to diversify their chip supply chains. They're advising firms to be cautious when purchasing US chips. 🤔
Four big players—the communication, semiconductor, automobile, and internet industry associations—voiced their concerns on Tuesday. They argued that the US government's frequent changes to export control rules are undermining the reliability and security of US-made chips.
The Internet Society of China called on local companies to expand cooperation with chip companies in other countries and regions. They also encouraged the use of chips produced by both local and foreign-funded enterprises within China. 🌐
Meanwhile, the China Association of Automobile Manufacturers suggested that Chinese automakers should be cautious when purchasing US chips, stating these products are no longer safe and reliable.
The China Semiconductor Industry Association pointed out that the US's unilateral actions not only harm the interests of Chinese and US companies but also significantly increase the costs of the global semiconductor supply chain. 💸
The China Association of Communications Enterprises echoed these concerns, emphasizing the need to safeguard the stability of the industry's supply chain.
Looks like it's time for a plot twist in the global tech scene! Stay tuned for how this chip saga unfolds. 🎬
Reference(s):
cgtn.com
