In response to the recent U.S. moves on the chip sector, China's Ministry of Commerce (MOC) said the United States has overstretched the concept of national security, abused export controls and disrupted the global semiconductor industry chains. The United States has been providing huge subsidies and tax incentives to its domestic chip sector, and some measures have been forcing companies to abandon China and choose the United States, which are discriminatory and have violated market laws and international economic and trade rules, distorting the global semiconductor industry chain, MOC spokesperson He Yadong said on ... (full story)