Connect with us

International Circuit

US trade restrictions pose threat to chip industry

The U.S. government’s moves to restrict trade threatens globalisation in the semiconductor sector and consumer interests, the China Semiconductor Industry Association said on Wednesday.

“Any damage to the current global supply chain, which developed over the past decades alongside the process of globalisation, could create inevitable and irreparable harm to the global economy,” the association said in a statement.

China’s semiconductor industry welcomes open cooperation and will continue to innovate, the statement said.

The industry association’s statement came after U.S. chip company executives met with top Biden administration officials on Monday to discuss China policy. Reuters

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Copyright © 2023 Communications Today

error: Content is protected !!