Hold onto your smartphones, folks—tech rivalry is heating up! 🔥 China has slammed the U.S. for launching a trade investigation into its semiconductor policies, calling it 'protectionist' and a threat to global tech supply chains. Here's the breakdown:
What’s the Fuss About?
The U.S. recently triggered a Section 301 investigation—a trade tool often used to address 'unfair' foreign practices—to scrutinize China’s chip industry. But Beijing isn’t backing down. The Chinese Ministry of Commerce argues the move disrupts global semiconductor flows and 'harms U.S. businesses and consumers.' 💡
Market Share Battles 🔥
Here’s the tea: U.S. firms control ~50% of the global semiconductor market, boosted by subsidies like the CHIPS and Science Act. Meanwhile, Chinese-made chips make up just 1.3% of U.S. imports, per a U.S. Commerce Department report. Talk about a lopsided playing field! 🎭
What’s Next?
China vows to 'take all necessary measures' to protect its interests, urging Washington to drop the probe and respect global trade rules. Will this escalate into a full-blown tech Cold War? Stay tuned. 📡
