SOURCE / ECONOMY
US’ abuse of chip export control measures harms global trade and will backfire: MOFCOM
Published: Jul 06, 2023 06:05 PM Updated: Jul 06, 2023 05:58 PM
chip Photo:VCG

chip Photo:VCG



The US has abused export control measures, continued to assault China’s semiconductor sector and purposely decouple the global semiconductor market. The US’ actions harm global free trade, ignoring international trade rules and trample fair competition principle, Shu Jueting, spokesperson for China's Ministry of Commerce, said at a regular press briefing on Thursday.

On June 27, US media reported that the US Commerce Department will stop shipments of AI chips made by Nvidia and other chip companies to Chinese customers as early as July. Amid the US government pressure to cut China off from key chipmaking tools, the Netherlands on Friday announced new export controls on advanced semiconductor equipment.

The semiconductor industry is a typical example of global division and China is the world’s largest semiconductor market whose chip sales account for around one-third of the global total, Shu said, noting that this is a result of win-win cooperation between Chinese enterprises and those of other countries.

“The US’ moves harm not only the legitimate rights and interests of Chinese companies but also the interests of many other countries and regions, and hinder global sci-tech exchanges and economic and trade cooperation,” Shu said, noting that the US measures will backfire.