China opposes new US chip export rules aimed at its semiconductor industry

On Saturday, China criticized the latest US decision to tighten export controls that would make it difficult for China to obtain and produce advanced computing chips, calling it a violation of business rules. International economics and trade would be “isolated and counterproductive” for the United States.

“Due to the need to maintain its technological hegemony, the US has abused export control measures to cruelly suppress and suppress Chinese companies,” said Foreign Ministry spokesman Mao Ning. idea.

“It will not only damage the legitimate rights and interests of Chinese companies, but also affect the interests of American companies,” she said.

Mao also said that the US “weaponization and politicization” of science and technology as well as economic and trade issues will not stop China’s advance.

She was speaking after the United States updated its export controls on Friday, including adding several advanced, high-performance computing chips and semiconductor manufacturing equipment to its list. , as well as new license requirements for items to be used in supercomputers or for semiconductor development within China.

The United States said export controls were added as part of ongoing efforts to protect national security and foreign policy interests.

US-China relations have deteriorated in recent years because of technology and security issues. The US has implemented a series of measures and restrictions to prevent China from acquiring chip technology, while China has spent billions of dollars to invest in semiconductor manufacturing.

Tensions have affected semiconductor companies in the US and globally, which export chips or manufacture chips in China. Semiconductor companies like Nvidia and AMD The stock price has dropped 40% in the past year.

“We understand the goal of ensuring national security and urge the US government to implement the rules in a targeted manner – and in coordination with international partners – to help level the playing field and minimize impacts. unintended harm to American innovation,” the Semiconductor Industry Association, which represents the US semiconductor industry, said in a statement.

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