According to the South China Morning Post, Chinese Foreign Minister Wang Yi suggested that South Korea oppose U.S. laws on export control of chip-making equipment to China. 

During a discussion with his counterpart via a video conference on Monday, December 12, Wang noted that recent strict measures from the U.S., such as the Chips and Science Act, had hurt countries including China and South Korea.

In the official Chinese foreign ministry statement, Wang stated, “All countries should stand up and resist this outdated anti-globalization thinking and unilateral bullying, and jointly maintain and practice true multilateralism.” 

The U.S. Congress passed the Chips and Science Act to counter China’s semiconductor ambition that threatens the U.S.’s technology dominance. 

The act, effective in August this year, was designed to support the U.S. semiconductor industry. It will provide about $280 billion to boost domestic research and semiconductor production in the U.S.

In another hard blow to Beijing, Washington unveiled strict sweeping measures on chip export controls to China in October. The restrictions aim to cut off China’s access to chips used in artificial intelligence and supercomputing that the regime exploits to build its chip industry and enhance its military.

On Monday, China filed a dispute with the World Trade Organization over the U.S. chip restriction. It said the ban threatens the global supply chain’s stability.

China’s Ministry of Commerce stated that the U.S. has “overstretched the notion of national security, abused export control measures [and] hindered the normal international trade of chips and other products.”

South Korea is a close American ally as its major tech firms have pledged to make massive investments in the semiconductor industry in the U.S. 

Samsung has built a $17 billion chip plant in Texas. The company also planned to invest $200 billion to build a semiconductor production complex in the U.S. over the next 20 years. S.K. Hynix has also had a $15 billion chip production plan in the country.

According to Nikkei Asia, the U.S. has 12% of the global semiconductor market share, while Taiwan and South Korea each account for about 20%, and Japan has 15%. 

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