
US, EU Express Concerns Over China’s Efforts to Dominate Legacy Semiconductor Market
Published on April 8, 2024
The United States and the European Union are working together to address national security concerns associated with China’s efforts to dominate the global market for legacy semiconductors using “non-market” policies and practices. “We know that based on China’s own reporting, about 60 percent of all new ‘legacy’ chips coming to the market in the next handful of years will be produced by China,” Commerce Secretary Gina Raimondo said at a press conference in Leuven, Belgium, on April 5. “And we know there is a massive subsidization of that industry on behalf of the Chinese government which could lead to huge market distortion, and so that’s why we’re focused on it,” she added....
