Support NFN

China’s commerce ministry said on Friday that a major new chips act passed by the U.S. Congress will distort the global semiconductor supply chain and disrupt international trade.

The U.S. House of Representatives passed the sweeping legislation on Thursday to subsidise the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers. read more

China will continue to monitor the progress and implementation of the U.S. act and take meaures to safeguard its legitimate rights when necessary, the ministry said in a statement.

Read Full Story
Reuters Rating

Share this:

Leave a Reply