China Criticizes US Restrictions on Semiconductor Exports
On Thursday, China criticized the US's recent semiconductor export controls, asserting that they disturb market regulations and undermine the international trade framework.
A spokesperson from the Chinese Ministry of Commerce indicated that the US's latest restrictions are likely to introduce uncertainty into trade practices within the semiconductor sector, and noted that China will take necessary steps to safeguard its legitimate rights.
On Monday, the US Commerce Department placed 140 Chinese companies on its "entity list," which imposes stricter controls on the export of semiconductor manufacturing equipment and high-bandwidth memory chips to China.
In response, major industry associations in China have urged local firms to diversify their chip supply chains and advised caution when purchasing US chips.
In separate statements released on Tuesday, four industry associations representing the communication, semiconductor, automobile, and internet sectors contended that the US government's frequent adjustments to export control regulations have compromised the reliability and security of US-made chips.
The Internet Society of China called on local businesses to strengthen collaboration with chip manufacturers in other countries and regions, while encouraging the utilization of chips sourced from both domestic and foreign-funded enterprises within China.
The China Association of Automobile Manufacturers recommended that Chinese automakers exercise caution when acquiring US chips, asserting that these products have become less safe and reliable.
Furthermore, the China Semiconductor Industry Association highlighted that the US's unilateral actions have not only adversely affected the interests of companies in both China and the US but have also significantly escalated the costs associated with the global semiconductor supply chain.
The China Association of Communications Enterprises reaffirmed these concerns, emphasizing the importance of maintaining the stability of the industry's supply chain.
Max Fischer for TROIB News