Hey tech enthusiasts! Big news from the tech world 🌐! China's Ministry of Commerce announced on Thursday that it's kicking off an investigation into the export of low-priced chips from the U.S. to China.
So, what's the scoop? According to a spokesperson, China's mature-process chip industry feels it's facing some unfair competition from these U.S. imports. They believe that U.S. companies, thanks to substantial subsidies from the Biden administration, are selling chips at super low prices 📉, giving them an unfair edge in the market.
\"Such actions have damaged the legitimate rights and interests of China's domestic industries,\" the spokesperson said. Chinese companies are now considering filing for anti-dumping and anti-subsidy investigations to protect their turf.
This move is all about leveling the playing field ⚖️. By launching this probe, China aims to ensure fair competition and uphold the rights of its homegrown chip makers. And of course, it's all being done in line with Chinese laws and World Trade Organization rules.
For all our budding entrepreneurs and tech gurus out there, keep an eye on this space! This investigation could shake things up in the global chip market 💡.
Stay tuned for more updates! 📰
Reference(s):
Ministry of Commerce: China to launch probe into U.S. low-priced chips
cgtn.com
