$NVIDIA(NVDA.US)$Taiwan Semiconductor(TSM.US) are not very optimistic about the future of the semiconductor industry, as the issues of supply chain constraints and geopolitical tensions are unsolvable.

However, it benefits local companies like $Intel(INTC.US)$IBM(IBM.US).

Ministry of Commerce spokesperson responds to media reports about the U.S. considering stricter export controls in semiconductor and related fields.

A reporter asked: According to media reports, the U.S. is considering tougher measures to pressure companies from Japan, the Netherlands, and other countries to further restrict chip trade with China. What is China's comment on this?

Answer: The semiconductor industry is highly globalized. After decades of development, it has formed an interconnected industrial landscape, which is the result of market forces and corporate choices. For some time, the U.S. has frequently broadened the concept of national security, abused export controls, artificially fragmented the global semiconductor market, and arbitrarily interfered with normal economic and trade exchanges between companies from other countries. This seriously deviates from the principles of free trade and multilateral trade rules, severely impacting the stability of global industrial and supply chains. China has consistently and firmly opposed this.

We hope relevant countries will adhere to market principles and the spirit of contracts, resist U.S. economic coercion, and jointly safeguard the stability of global industrial and supply chains. (Ministry of Commerce website)