$Direxion Semicon Bear 3X(SOXS.US) China Semiconductor Industry Association: U.S. chip products are no longer safe or reliable. Related industries in China will have to cautiously purchase U.S. chips.

$Direxion Semicon Bull 3X(SOXL.US) China Semiconductor Industry Association issued a statement: In today's globalized economy, the unilateral actions of the United States not only harm the interests of Chinese and American companies but also significantly increase the cost of the global semiconductor supply chain. As U.S. export control measures continue to escalate, their backlash effects are also expanding. The arbitrariness of U.S. restrictions on China has caused supply chain disruptions, increased operational costs, and other impacts on U.S. companies, affecting the stable supply of U.S. chip products. U.S. chip products are no longer safe or reliable, and related industries in China will have to cautiously purchase U.S. chips. The development of China's semiconductor industry is rooted in globalization and has grown and thrived in it. We will always adhere to open cooperation, actively deepen collaboration with semiconductor upstream and downstream companies worldwide, and promote the prosperity of the global industry. We strongly urge the U.S. government to respect industry consensus, return to the spirit of the WSC charter, safeguard the common interests of the global semiconductor industry, and shoulder the responsibilities befitting a major country. The China Semiconductor Industry Association will uphold the fair principles and industry consensus formed by WSC and resolutely defend the interests of Chinese semiconductor companies and global supply chain partners. We call on companies from relevant countries and regions to strive to become reliable semiconductor product suppliers and also urge the Chinese government to support the stable development of reliable semiconductor product suppliers.