China says US chip act will distort global semiconductor supply chain

China’s commerce ministry said on Friday that a major new chips act passed by the US Congress will distort the global semiconductor supply chain and disrupt international trade.

The US House of Representatives passed the sweeping legislation on Thursday to subsidise the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers.

China says US chip act will distort global semiconductor supply chain comes via ChinaTechNews.com.