The United States passed the "Chip and Science Act", and the Ministry of Commerce responded

According to the Ministry of Commerce website on August 18, the Ministry of Commerce held a press conference. Some media asked questions that recently, the United States passed the "Chip and Science Act". Some lawyer analysis believes that the financial funding of the chip manufacturing industry in the bill has suspicion of constituting prohibited subsidies and appeal subsidies. The "guardrail clauses" are also suspected of violating WTO's requirements for the best benefit and national treatment. What are the evaluations of the Ministry of Commerce?

A spokesman for the Ministry of Commerce, Shu Jingsing, said that the United States has issued the "Chip and Science Act" to provide huge subsidies and tax incentives for the US local chip industry, which is a typical differentiated industrial support policy. Some of these terms are limited to the normal economic and trade and investment activities of enterprises in China, have obvious discrimination, seriously violate market rules and international economic and trade rules, and will distort the global semiconductor supply chain and disturb the international trade. China has resolutely opposed it. The implementation of the US bill should comply with the relevant rules of the WTO, in accordance with the principles of openness, transparency, and non -discrimination, which is conducive to maintaining the security and stability of the global industrial chain supply chain and avoiding fragmentation. China will continue to pay attention to the implementation of the bill, and take strong measures to safeguard its legitimate rights and interests if necessary.

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