China Condemns US Chip Export Controls as 'Economic Bullying'

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Source: CNBC
China Condemns US Chip Export Controls as 'Economic Bullying'
Photo: CNBC
TL;DR

China's Ministry of Commerce accuses the U.S. of weaponizing export controls, specifically targeting high-tech exports by Dutch companies to China, and calls for the Dutch government to support compliant trade. This comes after the Dutch government restricted ASML, a key semiconductor manufacturing equipment maker, from exporting certain products to China, following U.S. export controls aimed at limiting Chinese military access to advanced semiconductor technology. China vows to take necessary measures to protect its business interests, while Chinese Commerce Minister Wang Wentao expresses serious concerns about U.S. chip export controls in a call with U.S. Commerce Secretary Gina Raimondo.

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