China Condemns US Chip Export Controls as 'Economic Bullying'

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

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.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

1 min

vs 2 min read

Condensed

70%

33198 words

Want the full story? Read the original article

Read on CNBC