Christopher Millward News Today : Breaking News, Live Updates & Top Stories | Vimarsana

China firmly opposes the US' CHIPS and Science Act, which comes with discriminatory clauses and seriously violates market laws and international economic and trade rules, the Chinese Ministry of Commerce (MOFCOM) said on Thursday, the latest Chinese official response to the US' ill-intended move.

China's semiconductor industry on Wednesday called for global cooperation to address a severe worldwide chip shortage that has hit hundreds of industries. The call, made at an industry expo, was in stark contrast to the US' latest efforts to seek an exclusive approach with a competition act that targets China.