China Challenges U.S. Chipmaking Export Bill
China's commerce ministry criticized the U.S. House of Representatives panel's vote on the MATCH Act, aimed at tightening export restrictions on chipmaking equipment. China opposes what it sees as an abuse of export controls under strained national security claims and promises to protect its enterprises' rights.
- Country:
- China
China's commerce ministry has voiced opposition to a recent decision by a U.S. House panel, which voted to advance the MATCH Act. This legislation intends to close loopholes in the export restrictions concerning chipmaking equipment.
A spokesperson from the ministry condemned the move, stating that China opposes any misuse of export controls disguised as national security measures. The decision to push forth the bill is seen as an overreach, according to the statement.
The ministry affirmed that China will vigilantly observe the ongoing legislative developments and will take decisive action to protect the lawful rights and interests of Chinese enterprises as needed.
(With inputs from agencies.)
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