US Restrictions on Chip Exports to China Ministry of Commerce: Splitting Global Semiconductor Market

On September 14th, the Ministry of Commerce held a regular press conference. A reporter asked that US Commerce Secretary Raymond recently claimed that the United States will continue to sell “goods worth billions of dollars” of chips to China, but will not sell “the strongest” or “the most cutting-edge” chips to China. May I ask if the Ministry of Commerce has any comments on this?
Ministry of Commerce spokesperson He Yadong said that we have taken note of the relevant reports. The measures taken by the US to export chips to China have disrupted market rules and fragmented the global semiconductor market, not only damaging the rights and interests of Chinese enterprises, but also seriously affecting the global semiconductor enterprise interests, including those paid by US enterprises. China is the world’s largest semiconductor market. Setting quotas for economic and trade exchanges between China and the United States in the semiconductor industry does harm to both others and oneself.

It is reported that on September 3rd, Raymond stated that the economic relationship between China and the United States is mutually beneficial, and open communication channels are the key to maintaining this relationship. In the semiconductor field, Raymond stated that the United States will continue to export chips to China, but will not sell the most advanced and powerful chips to China.
Raymond said, “We export billions of dollars worth of semiconductors to China every year. This is beneficial for the US economy and American companies, and we will continue to do so. What we need to do, and what we will not compromise, is to prevent the sale of our most advanced and powerful semiconductors to China.”