The chip war between the US and China intensified
Bloomberg reports that the Biden administration intends to place more than 30 Chinese companies on the US blacklist, a move that seems to intensify the chip war between the two countries amid Beijing-Washington trade disputes.
Previously, China’s Ministry of Commerce had announced that the country has filed a complaint with the World Trade Organization regarding the US’s control measures on chip exports to China.
In this context, China’s Ministry of Commerce issued a statement urging the US to adhere to normal economic trade between the two countries and not to disrupt the global supply chain of major industrial products, including semiconductors.