TechCrunch reported on December 24th that the spokesperson of the Ministry of Commerce made a statement on the 301 investigation launched by the United States on China’s chip industry-related policies.
On December 23, US Trade Representative’s Office announced the initiation of a 301 investigation into China’s chip industry-related policies.
China strongly opposes and is firmly against this.
Section 301 investigation has obvious unilateral and protectionist characteristics.
Previously, the US 301 tariffs against China were ruled by the WTO to be in violation of WTO rules and faced opposition from many WTO members. China has repeatedly lodged solemn representations with the US.
The US has launched a new 301 investigation into China’s chip industry-related policies for the purpose of suppressing China and for domestic political needs. This move will disrupt and distort the global chip industry supply chain and harm the interests of American companies and consumers, which is a mistake upon mistake.
The US government provides huge subsidies to its domestic chip industry through the Chip and Science Act. US companies occupy nearly half of the global chip market share, yet they accuse China of so-called “non-market practices” and exaggerate the threat of China’s industrial sector. This is clearly contradictory and completely unfounded.
The recent report on mature process chips released by the U.S. Department of Commerce shows that Chinese chips only account for 1.3% of the U.S. market share. The export of Chinese chips to the U.S. is far lower than the import from the U.S.
The Chinese side urges the US side to respect facts and multilateral rules and immediately stop its wrongdoings.
China will closely follow the progress of the investigation and take all necessary measures to resolutely defend its own rights and interests.
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Editor-in-charge: Jian Jia
Source: Sina
Author: Fast Technology
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