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China says U.S. chip act will distort global semiconductor supply chain

Reuters
Reuters
 2022-07-29
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HONG KONG, July 29 (Reuters) - China's commerce ministry said on Friday that a major new chips act passed by the U.S. Congress will distort the global semiconductor supply chain and disrupt international trade.

The U.S. House of Representatives passed the sweeping legislation on Thursday to subsidise the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers. read more

China will continue to monitor the progress and implementation of the U.S. act and take meaures to safeguard its legitimate rights when necessary, the ministry said in a statement.

Reporting by Meg Shen and Twinnie Siu; editing by Jason Neely

Our Standards: The Thomson Reuters Trust Principles.

Comments / 66

I.S.A.
07-29

China will in their words "take meaures to safeguard its legitimate rights when necessary". Meanwhile, China disregards the Intellectual Property rights of every other country, reverse-engineering and copying whatever products they can't pay bad actors to steal the plans for.

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Michael Ridenour
07-30

That's rich. The Chinese government has been subsidizing major Chinese industries for decades in order to corner important production markets, and now they protest that the US government is doing the exact same thing. If we had an actual leader in the White House he/she would be thumbing his/her virtual nose at Chinese leadership.

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Octomonky Peralta
07-30

we need to become non dependent on China it'll also help reduce green house gas emissions since China is slower than the US at going green

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