China Retaliates Against U.S. Discriminatory Chip Policy

Key Summary:
- Heightened tension on semiconductor industry
- U.S. expands protectionist chip policies
- China retaliates by curbing mineral exports
Following renewed chip export restrictions from United States earlier this week, the Chinese government has retaliated by imposing its own critical mineral export controls.
Context: The “Chip War” has been ongoing since 2022, initiated by United States as they are threatened by China’s technological advancements in the semiconductor industry.