US Strikes to Prohibit Commerce Threatens Chip Business: China Business Affiliation

BEIJING (Reuters) – The U.S. authorities’s strikes to limit commerce threatens globalisation within the semiconductor sector and shopper pursuits, the China Semiconductor Business Affiliation stated on Wednesday.

“Any harm to the present international provide chain, which developed over the previous a long time alongside the method of globalisation, might create inevitable and irreparable hurt to the worldwide financial system,” the affiliation stated in an announcement.

China’s semiconductor trade welcomes open cooperation and can proceed to innovate, the assertion stated.

The trade affiliation’s assertion got here after U.S. chip firm executives met with high Biden administration officers on Monday to debate China coverage.

(Reporting by Beijing Newsroom)

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