Global Chip Industry Faces Trade Tensions and Increased Spending

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Source: CNBC
Global Chip Industry Faces Trade Tensions and Increased Spending
Photo: CNBC
TL;DR

China has called on the World Trade Organization to investigate the US-led technology export restrictions aimed at limiting China's ability to make advanced chips. Chinese representatives have urged the WTO to step up supervision on the matter and have asked Japan, the Netherlands, and the US to report their plans and subsequent measures to the body. China has accused the US of being a "tech hegemony" and has called on the Netherlands not to follow its lead.

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