Impending chip moves expose US hypocrisy again
A view of the booth of Semiconductor Manufacturing International Corp during an expo in Shanghai. The Joe Biden administration is set to unveil new export restrictions on China as soon as this week, the US Chamber of Commerce told members in a Thursday email. These are typical nonmarket moves that, if taken, show the Biden administration is plowing ahead with plans to further crack down on China's access to semiconductors even during its waning days in office, which contradict the administration's repeated vows that it does not seek to contain China's development, and hopes to make its competition with China in relevant fields "fair". As the world's largest semiconductor market, China is willing to work with all sides to boost mutually beneficial cooperation and promote the security and stability of the global semiconductor industry and supply chains. The practices of the Biden administration, reportedly under the excuse of protecting "national security", will disturb the global industry and supply chains, cut off the global semiconductor market, and essentially deny emerging markets and developing countries the right to a better life for their people.
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