Beijing, April 01, 2024, The Europe Today: China has voiced its strong opposition to the latest revisions made by the United States to semiconductor export rules, expressing concerns over potential disruptions to the global semiconductor market and cooperation between enterprises.
In a statement released on Sunday, China’s Ministry of Commerce highlighted that the recent modification of semiconductor export controls by the United States occurred less than six months after the initial rules were introduced on October 17, 2023.
The Ministry underscored the importance of a stable and predictable business environment for global companies, including those based in the U.S. However, it criticized the U.S. for broadening the scope of national security and unilaterally amending the rules to tighten control measures. This action, according to the Ministry, creates additional obstacles for normal trade cooperation between Chinese and American enterprises, increases compliance burdens, and introduces significant uncertainties into the global semiconductor sector.
The Ministry emphasized that the semiconductor industry has become highly globalized over the years, driven by market dynamics and the choices made by enterprises.
As the world’s largest semiconductor market, China reaffirmed its commitment to collaborating with all parties to enhance mutually beneficial cooperation and promote the security and stability of the global semiconductor industrial chain and supply chain.
The statement from China underscores the growing tensions between the U.S. and China in the semiconductor sector, a critical component of the global technology landscape. As both countries navigate these challenges, the repercussions could have far-reaching effects on international trade and technological innovation.
