China Voices Displeasure Over US Chips Act; Warns Against Aggressive Standoff

China Voices Displeasure Over US Chips Act; Warns Against Aggressive Standoff
  • China has opposed the U.S. Chips Act and assured aggressive measures to safeguard its legitimate rights when necessary, Reuters reports.
  • Some provisions in the U.S. act restricted normal economic, trade, and investment activities of relevant firms in China, the country alleged.
  • The U.S. Chips Act barred companies vying for funding from materially expanding production of chips more advanced than 28-nm in China for ten years. 
  • Also Read: China To Win At Expense Of Flawed US Semiconductor Tech Export Policies: Report
  • The Act restricted the fund contenders from increasing their production of advanced chips in China.
  • Intel Corp INTC and Taiwan Semiconductor Manufacturing Co Ltd TSM is the leading contenders for the funding.
  • The U.S. restricted China's leading chipmaker, Semiconductor Manufacturing International Corp, access to ASML Holding NV's ASML cutting-edge ultraviolet lithography systems. 
  • The U.S. also tightened China's access to relatively advanced chip equipment.
  • The U.S. weighed restricting access of its chipmaking equipment to memory chip makers in China, including Yangtze Memory Technologies Co Ltd.
  • Photo by Henrix_photos via Pixabay

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