China files WTO lawsuit against US over export restrictions on chips

Beijing has filed a lawsuit with the World Trade Organization (WTO) against Washington over US export controls on chips and other products. message Legal Department of the Ministry of Commerce of the People’s Republic of China.

“China’s filing of a WTO claim is intended to solve China’s problems through legal means and is a necessary way to protect its legitimate rights and interests,” they said.

The department noted that the United States has been abusing export controls in recent years, thereby hindering international trade in chips and harming the global economy. Beijing also hopes that Washington will abandon its policy and maintain mutually beneficial trade between the US and China.

Earlier, the United States banned the supply to China of chips for artificial intelligence technologies and supercomputers, equipment for their production, as well as for the production of a wide range of logic chips and memory cards. In addition, US authorities have banned the transfer of advanced developments to the largest Chinese manufacturer of flash memory cards, Yangtze Memory Technologies.

In addition, US citizens and residents (green card holders) are now necessary obtain licenses in order to work as top managers in the PRC semiconductor industry. This refers to the development, production or use of integrated circuits. In early August, US President Joe Biden signed a law on the allocation of subsidies for $ 52 billion for the development of semiconductor production in the country.