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US probes China chip industry on 'anticompetitive' concerns

Economic TimesEconomic Times · 17d
US probes China chip industry on 'anticompetitive' concerns

The United States is launching an investigation into China's semiconductor industry policies due to concerns that Beijing is using anticompetitive methods to weaken other economies. The probe will focus on foundational semiconductors, which are used in various products. The US Trade Representative's office believes that China's actions are undermining American industry, supply chains, and economic security. The investigation aims to strengthen supply chains and domestic manufacturing. This move follows President Biden's efforts to reduce reliance on other countries for chip production. The investigation will utilize Section 301 of the Trade Act, allowing officials a year to complete their investigation and determine responses.

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