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CHINA PRESS
MNI (Sydney)

China will not be coerced by the possible threat of a a U.S.-dominated semiconductor supply chain, according to the Global Times. Commenting in response to the Biden administration's intention to strengthen U.S. chip production, the newspaper said the move raises concerns of a "chip war" in which the U.S. will use its "hegemony" to crack down on Chinese companies. While it may take China a long time to develop its own cutting-edge semiconductor supply chain, the fact that it is the largest market for the global semiconductor industry will allow China to develop the technologies and pursue cooperation with global players, the Times said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com