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The US has launched a probe into alleged “anti-competitive and non-market” measures utilized by China to assist its semiconductor trade, simply weeks earlier than the Biden administration arms over to president-elect Donald Trump.
The US Commerce Consultant’s workplace mentioned it had launched an investigation into “China’s acts, insurance policies and practices associated to concentrating on of the semiconductor trade for dominance”. The probe can be carried out below Part 301 of the US Commerce Act.
It accused China of utilizing “in depth anti-competitive and non-market means, together with setting and pursuing market share targets, to realize indigenisation and self-sufficiency”. China’s alleged ways had been designed to realize dominance of the semiconductor trade in China and on world markets, the USTR mentioned.
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