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China opposes new US chip export rules aimed at curbing its semiconductor industry

China on Saturday criticized the latest US decision to tighten export controls that would make it difficult for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that would “isolate and backfire” on the US.

“Because of the need to maintain its scientific and technological hegemony, the US is abusing export controls to maliciously block and suppress Chinese companies,” Foreign Ministry spokeswoman Mao Ning said.

“This will not only harm the legitimate rights and interests of Chinese companies, but will also affect the interests of American companies,” she said.

Mao also said that the US “armament and politicization” of science and technology, as well as economic and trade issues, will not stop China’s progress.

She spoke after the US on Friday updated its export controls, which included adding some advanced high-performance computing chips and semiconductor manufacturing equipment to its list, as well as new licensing requirements for items to be used in a supercomputer or for semiconductor development in the US. China.

The US said the export controls were introduced as part of an ongoing effort to protect US national security and foreign policy interests.

US-China relations have deteriorated in recent years due to technology and security concerns. The US has imposed a series of measures and restrictions aimed at preventing China from obtaining chip technology, and China has committed billions of dollars to invest in semiconductor manufacturing.

Tensions have affected semiconductor companies in the US and around the world, which either export chips or manufacture chips in China. Semiconductor companies such as Nvidia and AMD have seen share prices drop 40 percent over the past year.

“We understand the goal of national security and urge the US government to purposefully enforce the rules—and in cooperation with international partners—to help level the playing field and mitigate unintentional damage to US innovation,” the Semiconductor Industry Association, which represents the US semiconductor industry, said in a statement.

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