The United States and the European Union are working together to address national security concerns associated with China’s efforts to dominate the global market for legacy semiconductors using “non-market” policies and practices.
“We know that based on China’s own reporting, about 60 percent of all new ‘legacy’ chips coming to the market in the next handful of years will be produced by China,” Commerce Secretary Gina Raimondo said at a press conference in Leuven, Belgium, on April 5.
“And we know there is a massive subsidization of that industry on behalf of the Chinese government which could lead to huge market distortion, and so that’s why we’re focused on it.”
Ms. Raimondo was in Leuven for a two-day meeting of the EU–U.S. Trade and Technology […]
Read the Whole Article From the Source: www.theepochtimes.com
Click this link for the original source of this article.
Author: The Epoch Times
This content is courtesy of, and owned and copyrighted by, https://discernreport.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.