GUANGZHOU -- Two Chinese trade associations on Wednesday slammed the CHIPS and Science Act, arguing that the newly signed U.S. law to promote domestic chipmaking will hurt the industry elsewhere in the world.
Semiconductors
China trade groups blast U.S. CHIPS Act as hindering innovation
Foreign Ministry accuses Washington of 'economic coercion' with law, subsidies
Attendees visit a display at the SEMICON technology trade fair in Shanghai. China also has invested heavily in its semiconductor industry, through a state-backed fund. © Reuters
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