US decision to not sell most advanced chips to China hurts interest of companies in both countries – commerce ministry

 

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The US’s decision to not sell its most sophisticated chips to China hurts the interests of companies in both countries, said Ministry of Commerce on Thursday.

The comments came after US Commerce Secretary Gina Raimondo’s statement that the US will continue to sell semi-conductor computer chips to China, but not its most powerful ones.

The measures taken by the US to restrict chip exports to China not only violate market principles but also fragment the global semiconductor market, the ministry said.

The actions not only harm the legitimate rights and interests of Chinese enterprises but also severely impact the interests of global semiconductor companies, including those from the US, it said.

China is as the world’s largest semiconductor market, and artificially constraining the trade and economic cooperation between the Chinese and US semiconductor industries is detrimental to both sides, it said.

China has consistently adhered to an open, inclusive, win-win approach and will continue to enhance its openness in an effort to promote global technological exchange and economic cooperation, it added.