Titanium Media App reported on July 29 that recently, the United States will pass the "Chip and Science Act". There are comments that the bill aims to enhance the US's advantages in the chip field and compete with China. The spokesperson of the Ministry of Commerce said that China has noticed that the US Congress recently passed the "Chip and Science Act". The bill provides huge subsidies to the domestic chip industry in the United States, which is a typical differentiated industry support policy. Some provisions restrict the normal economic, trade and investment activities of relevant companies in China, which will distort the global semiconductor supply chain and disrupt international trade. China pays great attention to this. The implementation of the US-law bill should comply with the relevant WTO rules and the principles of openness, transparency and non-discrimination, and will help maintain the security and stability of the global industrial chain and supply chain and avoid fragmentation. China will continue to pay attention to the progress and implementation of the Act, and take effective measures to safeguard its legitimate rights and interests when necessary.
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