EconomyLens.com
No Result
View All Result
Friday, July 11, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

US probes China chip industry on ‘anticompetitive’ concerns

David Peterson by David Peterson
December 24, 2024
in Other
Reading Time: 5 mins read
A A
0
75
SHARES
935
VIEWS
Share on FacebookShare on Twitter

The United States said Monday it is opening an investigation into China's policies for its semiconductor industry. ©AFP

Washington (AFP) – The United States said Monday it is opening an investigation into China’s policies for its semiconductor industry, over concerns that Beijing is turning to “extensive anticompetitive and non-market means” to undermine other economies. The probe centers on foundational semiconductors — which go into everything from cars to medical devices — and whether China’s actions create burdens for US commerce, said the US Trade Representative’s (USTR) office.

Related

Stocks fall as Trump ramps up tariff threats

Trump’s tariff threats and delays: state of play

Trump threatens Canada with higher tariff, mulls further global levies

The main moments of Paris Couture Week

Defence, joint debt and farmers: EU draws budget battle lines

The fear is that Beijing’s practices undermine “the competitiveness of American industry and workers, critical US supply chains, and US economic security,” the USTR’s office added. Beijing slammed the move as “protectionist,” vowing to defend its interests and urging Washington to halt its “wrong practices.” The investigation falls under Section 301 of the Trade Act, the same tool used during President-elect Donald Trump’s first administration to justify tariff hikes on Chinese products.

“We have seen time and again, a pattern of harmful impact from nonmarket policies and practices across industries that the PRC has targeted for worldwide market dominance,” said USTR Katherine Tai, referring to the People’s Republic of China. Previous instances included steel, aluminum, solar cells, electric vehicles, and now, semiconductors, Tai told reporters on Sunday.

“This is enabling its companies to rapidly expand capacity and to offer artificially lower-priced chips that threaten to significantly harm and potentially eliminate fair, market-oriented competition,” Tai added.

– Sector dominance –

In a notice, USTR said China “nearly doubled its global share of foundational logic semiconductors production capacity” in just six years. China’s share is set to reach about half the world’s capacity by 2029, based on announced new fabrication plants, and this expansion “is already discouraging investment by market-oriented actors,” USTR added.

Commerce Secretary Gina Raimondo said an analysis of the US semiconductor supply chain found two-thirds of US products contain Chinese-made foundational chips. “About half of companies didn’t know whether they had Chinese chips in their products,” she added.

In recent years, President Joe Biden has sought to shore up US chipmaking capabilities to reduce reliance on other countries. The latest probe will initially focus on China’s foundational semiconductors production, including the extent these are used in other products like medical devices and vehicles.

The probe is also expected to consider whether Beijing’s policies on inputs for semiconductor fabrication contribute to “burden or restriction on US commerce,” the USTR’s office said. “This investigation is part of our broader strategy to strengthen the resilience of our supply chains and revitalize domestic manufacturing,” said National Economic Advisor Lael Brainard.

Officials will have a year to handle the investigation and decide on responses.

© 2024 AFP

Tags: Chinasemiconductorstrade
Share30Tweet19Share5Pin7Send
Previous Post

UK economy stagnant in third quarter in fresh setback

Next Post

Global stock markets mostly higher

David Peterson

David Peterson

Related Posts

Other

Trump floats 15 to 20% blanket tariff on trading partners

July 10, 2025
Other

China’s economy likely grew 5.2% in Q2 despite trade war: AFP poll

July 10, 2025
Other

US targets attempts to dodge Trump tariffs with China in crosshairs

July 10, 2025
Other

Why is Trump lashing out at Brazil?

July 10, 2025
Other

Global stocks mostly rise, shrugging off US tariff threats

July 10, 2025
Other

Delta offers upbeat outlook on travel demand, lifting shares

July 11, 2025
Next Post

Global stock markets mostly higher

Volkswagen boss hails cost-cutting deal but shares fall

European, US markets wobble awaiting Santa rally

Five things to know about Panama Canal, in Trump's sights

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

France probes X over claims algorithm enabled ‘foreign interference’

July 11, 2025

Stocks fall as Trump ramps up tariff threats

July 11, 2025

Trump’s tariff threats and delays: state of play

July 11, 2025

IEA sees anaemic global oil demand growth amid tariff turmoil

July 11, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.